Insurance Office Organisation, Management, And Accounts
Insurance Office Organisation, Management, And Accounts
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When marine or any other branch of business is carried on, the income and expenditure thereof to be in like manner stated in a separate account.
(No. 3. ) PROFIT AND Loss ACCOUNT.
Balance of last year's ac- count Interest and dividends not carried to other accounts' Profit realised (accounts to be specified) Other receipts s. D.
Dividends and bonuses to shareholders Expenses not charged to other accounts Loss realised (accounts to be specified) Other payments . .
Balance as per fourth sche- dul...e .. I s. D.
* NOTE. This account is not required if the items have been incorporated in the other accounts of this schedule.
BOOK-KEEPING IN THE LIFE DEPARTMENT.
91 Balance Sheets of the FOURTH SCHEDULE.
on the 19 s. D.
LIABILITIES.
Shareholders' capital . . General reserve fund (if any) Life assurance fund* . Annuity fund (if any)*. Fire fund Marine fund Profit and Loss (if any ) . Other funds, if any, to be spe- cified . .
Claims under life poli- cies admitted but not yet paid* . . . .
Outstanding fire losses Do.
What to read after Insurance Office Organisation, Management, And Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Emley Young to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
When marine or any other branch of business is carried on, the income and expenditure thereof to be in like manner stated in a separate account.
(No. 3. ) PROFIT AND Loss ACCOUNT.
Balance of last year's ac- count Interest and dividends not carried to other accounts' Profit realised (accounts to be specified) Other receipts s. D.
Dividends and bonuses to shareholders Expenses not charged to other accounts Loss realised (accounts to be specified) Other payments . .
Balance as per fourth sche- dul...e .. I s. D.
* NOTE. This account is not required if the items have been incorporated in the other accounts of this schedule.
BOOK-KEEPING IN THE LIFE DEPARTMENT.
91 Balance Sheets of the FOURTH SCHEDULE.
on the 19 s. D.
LIABILITIES.
Shareholders' capital . . General reserve fund (if any) Life assurance fund* . Annuity fund (if any)*. Fire fund Marine fund Profit and Loss (if any ) . Other funds, if any, to be spe- cified . .
Claims under life poli- cies admitted but not yet paid* . . . .
Outstanding fire losses Do.
What to read after Insurance Office Organisation, Management, And Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Emley Young to read onlineMoreLess
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