Application of fund

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Calculate the application of funds from the given information in Ruble Life Insurance LLC 31/3/19
Particulars
OMR
Particulars
OMR
Share capital
1,000
Agent's balance
60
Sundry creditor
200
Life fund 31/3/19
400
Sundry debtor
150
Provision for Tax
16
Bank Loan short term
60
Claims unpaid
Loan on Company policies 100
Advance premium
10
received
Surrenders
150
Fixed assets
240
Application of fund
00
Transcribed Image Text:Calculate the application of funds from the given information in Ruble Life Insurance LLC 31/3/19 Particulars OMR Particulars OMR Share capital 1,000 Agent's balance 60 Sundry creditor 200 Life fund 31/3/19 400 Sundry debtor 150 Provision for Tax 16 Bank Loan short term 60 Claims unpaid Loan on Company policies 100 Advance premium 10 received Surrenders 150 Fixed assets 240 Application of fund 00
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