Calculate the net commission and total revenue from the following information: Particulars OMR Particulars OMR Commission on insurance Premium received 24,000 accepted 50,000 Commission on reinsurance Commission on reinsurance ceded 46,000 accepted 24,000 Rent received 26,000 Profit on sale of motor car 5,000

Calculate the net commission and total revenue from the following information: Particulars OMR Particulars OMR Commission on insurance Premium received 24,000 accepted 50,000 Commission on reinsurance Commission on reinsurance ceded 46,000 accepted 24,000 Rent received 26,000 Profit on sale of motor car 5,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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