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  • Trust Account Balance Sheet: Fiduciary Assets Curent Assets

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    Albert Ingwani
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    This document is a trust account balance sheet for Platinum Bakers International. It shows assets of $5,195 including $905 in cash and $4,120 in unbilled premiums and commissions. Liabilities include $714.50 in billed premiums and commissions and $4,120 in unbilled premiums and commissions payable. The total liabilities equal the total assets of $5,195, balancing the trust account.

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    Trust account balance sheer

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    TrustBalanceSheet.pdf

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    This document is a trust account balance sheet for Platinum Bakers International. It shows assets of $5,195 including $905 in cash and $4,120 in unbilled premiums and commissions. Liabilities include $714.50 in billed premiums and commissions and $4,120 in unbilled premiums and commissions payable. The total liabilities equal the total assets of $5,195, balancing the trust account.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    22 views2 pages

    Trust Account Balance Sheet: Fiduciary Assets Curent Assets

    Uploaded by

    Albert Ingwani
    This document is a trust account balance sheet for Platinum Bakers International. It shows assets of $5,195 including $905 in cash and $4,120 in unbilled premiums and commissions. Liabilities include $714.50 in billed premiums and commissions and $4,120 in unbilled premiums and commissions payable. The total liabilities equal the total assets of $5,195, balancing the trust account.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Platinum Bakers International 123 Graniteside Harare 09585858

    TRUST ACCOUNT BALANCE SHEET


    FIDUCIARY ASSETS Curent Assets
    Cash on Hand Bank - Barclays Total Cash Premium Assets Premium Receivable- (Invoiced) Total Premium Receivable Return net premium receivable Return commission receivable Total Return Premium Receivable Premium Receivable- (Invoiced) Total Return Premium Credit 905.00 905.00 0 0 0 905.00 905.00 170.00 0 170.00

    Total Current Premium Assets

    1075.00

    Non-Curent Assets
    Net premium on unbilled premium Commission on unbilled premium Net premium on unbilled endorsements Commission on unbilled endorsements 2678.00 1442.00 0 0

    Total Non-Current Premium Assets

    4120.00

    TOTAL TRUST ACCOUNT ASSETS

    5195.00

    FIDUCIARY LIABILITIES Curent Premium Liabilities


    net premium payable net premium billed Total Net Premium Liabilities commission payable commission on billed premium Total Current Premium Liabilities 0 360.50 360.50 0 714.50 714.50

    Return net premium receivable Return commission receivable Total Return Premium Receivable return premium payable Return Premium Credit To Insured Total Return Premium Liabilities

    0 0 0 0 0 0

    Total Current Premium Assets

    1075.00

    Non-Curent Premium Liabilities


    Net amount of unbilled premium payable Commission on unbilled premium payable 2678.00 1442.00

    Total Non-Current Premium Liabilities

    4120.00

    TOTAL PREMIUM LIABILITIES

    5195.00

    PERSONAL FUNDS
    Commission reserve Personal funds deposited in the trust bank Total Personal Funds 0 0 0

    TOTAL TRUST ACCOUNT LIABILITIES

    5195.00

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