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The balance of joint life policy account as shown in the balance sheet represents:a)Surrender value of a policyb)Annual premium of JLPc)Total premium paid by the firmd)Amount receivable on the maturity of the policyCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The balance of joint life policy account as shown in the balance sheet represents:a)Surrender value of a policyb)Annual premium of JLPc)Total premium paid by the firmd)Amount receivable on the maturity of the policyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The balance of joint life policy account as shown in the balance sheet represents:a)Surrender value of a policyb)Annual premium of JLPc)Total premium paid by the firmd)Amount receivable on the maturity of the policyCorrect answer is option 'A'. Can you explain this answer?.

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