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The revenue account of abc life insurance ltd shows the

Question - The Revenue Account of ABC LIFE INSURANCE LTD. shows the Life Assurance Fund on 31st March, 2015 at ` 42,08,400 before taking into account the following items:

Claims covered under re-insurance 12,000

Claims intimated but not admitted 22,050

Premium Outstanding 8,110

What is the Balance of Life Assurance Fund?

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Accounting Basics: The revenue account of abc life insurance ltd shows the

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