Question
While preparing the statement of profit and loss, ABC
Ltd. classifies its revenue from sale of products under “Other Income.” Is this in compliance with the presentation norms under Ind AS?Solution
Revenue from sale of products must be shown under “Revenue from Operations” separately as per Ind AS presentation norms.
SWIFT provides a network that enables financial institutions worldwide to send and receiveinformation about financial transactions securely. It is head...
Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the life coverage available until the age of ______.
What is the purpose of "excess" in an insurance policy?
A 'Cover Note' in motor insurance is:
Which section of the Indian Insurance Act 1938 provides for nomination of a person?
Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business?
What is the minimum tenure of public provident fund?
What is the primary purpose of reinsurance?
What is the purpose of "mitigation of loss"?
Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?
