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X ,Y and Z sharing profit and losses in the ratio 3:2:1, took out a joint life policy in 2017 for Rs 600000 at an annual premium of Rs 30000. Y died date on 1st April 2021 . The surrender value of policy was in the books on that date was Rs 240000. The amount of the policy was duly realised from the insurance company. Pass necessary journal entry to close the joint life policy account .? 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 X ,Y and Z sharing profit and losses in the ratio 3:2:1, took out a joint life policy in 2017 for Rs 600000 at an annual premium of Rs 30000. Y died date on 1st April 2021 . The surrender value of policy was in the books on that date was Rs 240000. The amount of the policy was duly realised from the insurance company. Pass necessary journal entry to close the joint life policy account .? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X ,Y and Z sharing profit and losses in the ratio 3:2:1, took out a joint life policy in 2017 for Rs 600000 at an annual premium of Rs 30000. Y died date on 1st April 2021 . The surrender value of policy was in the books on that date was Rs 240000. The amount of the policy was duly realised from the insurance company. Pass necessary journal entry to close the joint life policy account .?.

Solutions for X ,Y and Z sharing profit and losses in the ratio 3:2:1, took out a joint life policy in 2017 for Rs 600000 at an annual premium of Rs 30000. Y died date on 1st April 2021 . The surrender value of policy was in the books on that date was Rs 240000. The amount of the policy was duly realised from the insurance company. Pass necessary journal entry to close the joint life policy account .? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

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