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Question 3 Not yet answered Marked out of 100 Flag question Under valuation balance sheet the net liability is the difference between: Done Premium received and the claims paid Claims paid and premium receivable Premium to be received and the claims amount payable Premium payable and claims receivable Question 4 Not yet Marked out of 1.00 Pation In a valuation balance sheet Surplus or deficit is difference between Done The net liability of the policies and the net assets The Life fund closing balance and the net liability of the valued policies. The Life fund opening balance and the net liability of the valued policies Question 5 Not yet answered Marked out of 100 Flag question Calculate the source of funds from the information given in Vision Insurance company. Particulars OMR Particulars OMR Share capital 1.000 Life fund at 8,850 the year end Cash in hand 250 General 300 reserve 328 Sundry creditors 250 Loans on company policies 50 Borrowings 1,000 Agents balance 20 Provision for 1.000 Sundry Income tax debtors Furniture 950 Premium out 16 standing Source of funds Done OMR 12,416 OMR 12,400 OMR 11,150 OMR 11,400