Question
If the Opening Debtors were Rs.50,000 and Closing
debtors are Rs.40,000, what effect will it have on the cash flow statement?Solution
Change in debtors is a working capital change which will reflect under operating cash flow. Here, the change in the debtors decrease in debtors by Rs.10,000 (opening Rs.50,000 less closing Rs.40,000). A decrease in current assets (here debtors) indicated the decreased cash blockage or recovery of cash from debtors. This will be taken as an implicit inflow under Working Capital changes.
Process of transferring life insurance to another person is called _____ of policy.
What is a typical generic question in an insurance proposal form?
Which of these changes would typically require an endorsement?
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
What is the paid up capital of Life Insurance Corporation of India (LIC)?
The Indian insurance industry is governed by which of the following act ?
In case of ambiguity in policy wording, which rule is applied?
Which of the following principles of Insurance enables the insured to claim the amount from the third party responsible for the loss?
What is NOT a common express condition in an insurance policy?
A seller’s market in which insurance is expensive and in short supply is termed as?
