Question
A trader maintains accounts on cash basis and records
revenue only when received. Which fundamental accounting assumption is not followed?Solution
Accrual basis records revenues when earned, not when received.
A form of reinsurance that indemnifies the ceding company for the accumulation of losses in excess of a stipulated sum arising from a single catastroph...
Which among the following is the first Indian life insurance company to begin operations in India?
Mortality Charge is the amount charged _____________ by the insurer
What is the significance of "rate on line" in insurance pricing?
In India, insurance has a deep-rooted history. It finds mention in the writings of?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
Insurance is primarily a method of:
What is the period between the date of subscription to an insurance-cum-pension policy and the time at which the first instalment of pension is received?
Losses other than property damage that occur as a result of physical loss to a business for example, the cost of maintaining key employees to help reorg...
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
