Question

Unearned premium reserve (UP

  • R at year-end requires time-apportionment for annual policies. For a policy written on 1 Nov with annual premium ₹24,000, how much is unearned at 31 Mar?
A ₹12,000
B ₹24,000
C ₹6,000
D ₹14,000
E ₹10,000
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