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Pooja Dev

Pooja Dev

CA Inter

920

15-Apr-20 20:42

17

Advanced Accounting Insurance chapter

Advanced Accounting Insurance chapter doubt: Pls Help.. In Que no 16 of PM.. insurance chapter how this closing reserve calculated 3,97,950(3,70,000+18,950). Question mentions the closing reserve is only 5% of net premium.. then why did they added net premium with closing reserve.. is actually closing reserve be only 18,950??

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Answers (1)

anamika vardhan

anamika vardhan

CA Inter

885

16-Apr-20 09:42

No.only the additional closing reserve is 18,950