Question
Indian Insurance Co. Ltd. on 31.12.20X1 had reserve for unexpired risk of 20 crores in respect of fire insurance business. During 20X2, the premium collected in respect of policies issued 43.70 crores. Pass journal entry.
More Accounts Questions
- What is the primary purpose of bookkeeping in business?
- For Assessment year 2020-2021, The maximum loss from house property which can be set-off against income from any other head is ______.
- How much deduction under section 80TTA of Income Tax Act is allowed?
- A project has a cash outflow of ₹1,000,000 at t=0. It yields cash inflows of ₹400,000 at Year 1, ₹500,000 at Year 2, and ₹400,000 at Year 3. At a discount ...
- What is the maximum loan amount available under the Pradhan Mantri Vishwakarma Scheme?
- Current Assets = ₹4,00,000; Inventory = ₹1,00,000; Current Liabilities = ₹2,00,000. Compute Quick Ratio.
- What is the minimum number of directors which a One Person Company can have?
- Who generates contract on GeM?
- In relation to the Accounts of Electricity Companies, which of the following points are involved in the Optimised Depreciated Replacement Cost [ODRC] Metho...
- What does ASP stand for in the context of Goods and Service Tax?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)