Question: the question has no missing data... plz provide me absolute answer balances of United Insurance Co. Ltd as on 31-12-2004. (Basic Level-2): Following are the

the question has no missing data... plz provide me absolute answer
balances of United Insurance Co. Ltd as on 31-12-2004. (Basic Level-2): Following are the Particulars Particulars Rs. Claims paid: Loss on sale of investment Rs. Fire 1,00,000 Audit Fee 8,000 Marine 87,000 Directors remuneration 13,000 Premium less reinsurance Int. & Dividends on investments 36,000 received Res. for u/r on 1.1.2004 63,000 Fire 3,74,000 Fire Marine 2,10,000 2,97,000 2,40,000 Commission on reinsurance Additional reserve on 1.1.2004 ceded 60,000 Fire 13,000 Marine 10,000 Marine Claims o/s as on 1.1.2004 Commission paid: Fire 24,000 Fire 62.000 Marine 11,000 Marine 57.000 Premium ols as on 1.1.2004 Expenses of management: Fire 26.000 Fire 86,000 Marine 17,000 Marine 68,000 Depreciation on assets 36,000 Prepare Revenue A/c & P&L A/c for the year ended 31-12-2004 from the below information: a. Premium O/s as on 31-12-2004; Fire: Rs.33,000, Marine: Rs. 15,000. Claims outstanding as on 31-12-2004: Fire Rs.46,000; Marine Rs. 17.000; Out of the above a fire claim amounting to Rs.11,000 was covered by reinsurance. b. Reserve for u/r to be maintained at 50% of premium less reinsurance for fire & 100% - marine. Additional Reserve for fire is to be maintained at 20% of net premium. c. Interest accrued on investments Rs.13,000
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