Question
What should be the correct Journal Entry for booking
premium income in case of Incoming coinsurance:Solution
Leading Insurer Company’s Account Dr. To Premium Account Cr. Debit Leading Insurer Company’s Account as we need to receive premium from lead insurer Credit Premium Account as this is an income for the company.
In preparing financial statements in accordance with the Schedule III of the Companies Act 2013, it is crucial to correctly classify various items to en...
As per the RBI’s updated directions, what is the maximum permissible tenor for Non-Convertible Debentures (NCDs) issued by eligible participants?
Which of the following correctly explains the standardised approach for computing credit risk under Basel capital requirements, in India?
Job enrichment refers to _________
As per loan review framework of RBI, loan review of low value accounts are usually carried out __________
Which of the following statements is/are correct about Gift City's SEZ (Special Economic Zone)?
1)Â Â Â It offers a range of tax incentives t...
What does the concept of "Drawing Power" refer to in a Cash Credit facility?
Which of the following describes credit risk?
 What will be the impact on the Bid-Ask Spread when liquidity in the forex market increases?
A bank has failed to meet its obligation on account of a payment on due date due to its incapacity to pay. What kind of risk it is?
Relevant for Exams:
