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
- A company operates at 60% capacity with sales of ₹6,00,000. If the P/V ratio is 40% and Fixed Costs are ₹1,50,000, what is the Break-Even Point if the comp...
- What is the ideal liquid ratio of any entity?
- The average due date technique of payment may be used:
- Which of the following is NOT a type of E-commerce?
- Salaries of ₹1 lakh paid in April 2024 relate to March 2024. As per matching concept, when should this expense be recorded?
- From the following data calculate abnormal gain to be debited to process account. Input introduced in process 1 = 2000 units Output = 1900 units Normal los...
- Forward contracts and futures contracts, with otherwise identical terms, are similar with respect to:
- Goods returned by customer will be debited to which account?
- A bill discounted or purchased (with recourse) by a bank becomes a Non-Performing Asset (NPA) if the bill remains overdue for more than how many days?
- Which one of the following documents is not considered as a negotiable instrument under the Negotiable Instrument Act, 1881?
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)