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    Insurance company account ch-1 Priemium Received Particualrs 1 premium 2 Other Income Revenue Account Sch. Fire marine 1 2025000 1425000 30000 33000 3 Intrest Rent and Div. Rec. (A) Total Claims paid Commission Paid Operating Exp. Other Exp. (B) Total Profit A-B Sch-2 Claims paid Amount Particulars Claims paid On Direct Business 300000 (-) Op. Bal. Of o / s claim -60000 + cl

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    Insurance company account ch-1 Priemium Received Particualrs 1 premium 2 Other Income Revenue Account Sch. Fire marine 1 2025000 1425000 30000 33000 3 Intrest Rent and Div. Rec. (A) Total Claims paid Commission Paid Operating Exp. Other Exp. (B) Total Profit A-B Sch-2 Claims paid Amount Particulars Claims paid On Direct Business 300000 (-) Op. Bal. Of o / s claim -60000 + cl

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    12 views3 pages

    Hemendra Corp

    Uploaded by

    hem2_3
    Insurance company account ch-1 Priemium Received Particualrs 1 premium 2 Other Income Revenue Account Sch. Fire marine 1 2025000 1425000 30000 33000 3 Intrest Rent and Div. Rec. (A) Total Claims paid Commission Paid Operating Exp. Other Exp. (B) Total Profit A-B Sch-2 Claims paid Amount Particulars Claims paid On Direct Business 300000 (-) Op. Bal. Of o / s claim -60000 + cl

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    of 3

    Insurance compan

    Sch-1 Priemium Received


    Particualrs
    1 Premium
    2 Other Income

    Revenue Account
    Sch. Fire
    marine
    1 2025000 1425000
    30000
    33000

    3 Intrest Rent and Div. Rec.


    (A) Total
    Claims paid
    Commission Paid
    Operating Exp.
    Other Exp.
    (B) Total
    Profit A-B

    2
    3
    4

    52500

    42000

    2107500

    1500000

    591000
    120000
    90000

    369000
    105000
    60000

    801000

    534000

    1306500

    966000

    Sch-2 Claims paid


    Amount Amount
    Particulars
    Claims paid On Direct Business
    300000
    (-) Op. bal. of o/s claim
    -60000
    + Cl. Bal. of o/s claim 31-3-11
    80000
    320000
    Add:Claims paid On Reins.Accep.
    144000
    (-) Op. bal. of o/s claim
    -16000
    + Cl. Bal. of o/s claim
    24000
    152000
    Less: Claims rec. On Reins. Ceded
    120000
    (-) Op. bal. of o/s claim
    -20000
    + Cl. Bal. of o/s claim
    12000 -112000
    360000
    Add: Legal Exp.
    20000
    Net claim paid
    380000

    Particulars
    Premium Rec. On Direct Business
    (-) Op. bal of O/s Premium
    + cl. Bal of o/s premium
    Add: Premium Rec. On Reins.Accep.
    Less: Premium Padi On Reins. Ceded
    Net Premium
    Less: Adj. for Res.
    Cl. Bal. of
    Res. For Unexpired Risk
    Additional Res.
    Less: Op. Bal. of
    Res. For Unexpired Risk
    Additional Res.

    Insurance company account


    ch-1 Priemium Received
    Fire
    marine
    Amount Amount Amount Amount
    1800000
    1200000
    -225000
    -60000
    150000 1725000
    30000 1170000
    225000
    150000
    -150000
    -120000
    1800000
    1200000

    900000
    450000
    1050000
    525000

    1200000
    600000

    225000
    2025000

    1350000
    675000

    225000
    1425000

    Sch-2 Claims paid


    Fire
    Particulars
    Amount Amount
    Claims paid On Direct Business
    600000
    (-) Op. bal. of o/s claim 31-3-10
    -75000
    + Cl. Bal. of o/s claim 31-3-11
    120000 645000
    Less: Claims rec. On Reins. Ceded
    (Reins. Recoveries)
    -90000
    555000
    Add: Legal Exp.
    36000
    591000
    Sch.3- Commission paid
    Fire
    Particulars
    Amount Amount
    Commi. paid On Direct Business
    105000
    Add: Commi. paid On Reins.Accep.
    45000
    Less:Commi. rec. On Reins. Ceded
    -30000
    120000
    Sch. 4 Operating Exp.
    Fire
    Particulars
    Amount Amount
    Admin. Exp.
    90000

    marine
    Amount Amount
    450000
    -90000
    60000 420000
    -75000
    345000
    24000
    369000

    paid
    marine
    Amount Amount
    97500
    30000
    -22500
    105000

    p.
    marine
    Amount Amount
    60000

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