Calculate the net commission from the following information: Particulars OMR Particulars OMR Salary 12,000 Commission on 30,000 reinsurance ceded Commission on direct 85,000 Commission on 15,000 business reinsurance business Net Commission OMR 82,000 OMR 70,000 OMR 112,000 OMR 100,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q15
Calculate the net commission from the following information:
Particulars
OMR
Particulars
OMR
Salary
12,000
Commission on
30,000
reinsurance ceded
Commission on direct
85,000
Commission on
15,000
business
reinsurance business
Net Commission
OMR 82,000
OMR 70,000
OMR 112,000
OMR 100,000
Transcribed Image Text:Calculate the net commission from the following information: Particulars OMR Particulars OMR Salary 12,000 Commission on 30,000 reinsurance ceded Commission on direct 85,000 Commission on 15,000 business reinsurance business Net Commission OMR 82,000 OMR 70,000 OMR 112,000 OMR 100,000
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