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Question

ABD Limited received 5,90,000 as premium on new policies

and 1,20,000 as renewal premium. The company received 90,000 towards reinsurance accepted and paid 70,000 towards reinsurance ceded. How much will be credited to Revenue Account towards premium?

A 7,10,000

B 8,00,000

C 6,90,000

D 7,30,000

E 4,90,000

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Relevant for Exams:

OICL AO Accounts

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