Calculate the net commission from the following information Particulars OMR Particulars OMR Commission on insurance 25,000 Commission on 23,000 accepted reinsurance ceded Commission on reinsurance 12,000 Premium on insurance 50,000 accepted Net Commission OMR 14,000 OMR 37,000 OMR 36,000 OMR 48,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculate the net commission from the following information
Particulars
OMR
Particulars
OMR
Commission on insurance
25,000
Commission on
23,000
accepted
reinsurance ceded
Commission on reinsurance
12,000
Premium on insurance
50,000
accepted
Net Commission
OMR 14,000
OMR 37,000
OMR 36,000
OMR 48,000
Transcribed Image Text:Calculate the net commission from the following information Particulars OMR Particulars OMR Commission on insurance 25,000 Commission on 23,000 accepted reinsurance ceded Commission on reinsurance 12,000 Premium on insurance 50,000 accepted Net Commission OMR 14,000 OMR 37,000 OMR 36,000 OMR 48,000
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