The balance of joint life policy account as shown in the balance sheet represents :
A. surrender value of a policy
B. annual premium of joint life policy
C. total premium paid by the firm
D. amount receivable on the maturity of the policy
Answer:A
The balance of joint life policy account as shown in the balance sheet represents :
A. surrender value of a policy B. annual premium of joint life policy C. total premium paid by the firm D. amount receivable on the maturity of the policy