12) The life insurance fund at the beginning of the year is OMR 2,300,000. During the year outstanding interest on investment is OMR 10,000, bonus in reduction of premium is OMR 8,000 and reinsurance...

12) The life insurance fund at the beginning of the year is OMR 2,300,000. During the year outstanding interest on investment is OMR 10,000, bonus in reduction of premium is OMR 8,000 and reinsurance claim recoverable is OMR 7,000. Find the closing balance of life insurance fund after making the adjustments.


Extracted text: its. OMR 2,137,000 OMR 2,371,000 None of these OMR 2,317,000