Plz solve it’s timed!! Calculate the application of funds from the given information in Ruble Life Insurance LLC 31/3/19ParticularsOMRParticularsOMRShare capital1,000Agent's balance60Sundry creditor200Life fund 31/3/19400Sundry debtor150Provision for Tax16Bank Loan short term60Claims unpaidLoan on Company policies 100Advance premium10receivedSurrenders150Fixed assets240Application of fund00

Application of fund can be defined as the outflow of funds from the organization. In case of life…

Answered: Application of fund

Business

Accounting

Application of fund

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 5RE

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