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    Question

    Which of the following accounts in insurance company

    reportingtracks the revenue and expenses related to policyholders?
    A Profit and Loss Account Correct Answer Incorrect Answer
    B Balance Sheet Correct Answer Incorrect Answer
    C Premium Account Correct Answer Incorrect Answer
    D Revenue Account Correct Answer Incorrect Answer
    E Insurance Policy Account Correct Answer Incorrect Answer

    Solution

    The Revenue account in insurance company reporting is also known as the Policyholders' Account. This account tracks the revenue and expenses related to policyholders and is an essential part of an insurance company's financial reporting.

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