In a valuation balance sheet surplus or deficit is difference between: None of these The Life fund opening balance and the net liability of the valued policies The Life fund closing balance and the net liability of the valued policies. The net liability of the policies and the net assets
In a valuation balance sheet surplus or deficit is difference between: None of these The Life fund opening balance and the net liability of the valued policies The Life fund closing balance and the net liability of the valued policies. The net liability of the policies and the net assets
Chapter1: Financial Statements And Business Decisions
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![In a valuation balance sheet surplus or deficit is difference between:
None of these
The Life fund opening balance and the net liability of the valued policies
The Life fund closing balance and the net liability of the valued policies.
The net liability of the policies and the net assets](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd89a8384-01f5-46cc-a301-19008e99a88d%2Fab24b8ef-df01-4f63-8259-0a3b004cb22c%2F7mtws5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In a valuation balance sheet surplus or deficit is difference between:
None of these
The Life fund opening balance and the net liability of the valued policies
The Life fund closing balance and the net liability of the valued policies.
The net liability of the policies and the net assets
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