Question
An insured house valued at ₹40 lakh is insured for ₹20 lakh. A fire causes ₹10 lakh damage. What will be the claim amount under the average clause?
More Accounts Questions
- Which of the following statement is incorrect?
- Which of the following is NOT a component of RBI’s financial market regulation?
- State which statement is incorrect:
- Goods purchased ₹1,00,000. Sales ₹90,000. Margin 20% on cost. Closing Inventory = ?
- The first auditor of a company is appointed by the:
- Which of the following is NOT an operating objective of Inventory Management?
- As per Companies Act, 2013, what is the minimum number of board meetings a company must hold in a year?
- A company revalues its PPE upward to reflect fair value. Where should the resulting increase be recorded in financial statements?
- Who developed the Two-Factor Theory of motivation that distinguishes between Hygiene Factors and Motivators?
- In the Cash Flow Statement, payment of taxes is classified under which activity?
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