Question
An entrepreneur is setting up his new business. He
purchases some equipment. He also takes insurance on the equipment for which the premium is paid for 6 months even though the business is yet to commence operations. The equipment cost and insurance for 6 months is start up cost for the entrepreneur. For the business, the insurance paid is    ÂSolution
Paying insurance premium is a prepaid expense for the business as it is paid in advance.
Which of the following is an example of a molecule formed through covalent bonding?
MSF Rate is usually _____ than the Repo Rate.
Which bank has recently partnered with IRCTC to launch a co-branded travel credit card?
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Who was appointed as the chairman of the advisory committee to assist the administrators appointed by the Supreme Court?
The motto "liberty, equality, fraternity" originated from which revolution?
Who is appointed as the Managing Director and CEO of Indian Overseas Bank which will come into effect from 1st January 2023?
Which country topped the Stockholm International Peace Research Institute (SIPRI) list as the largest arms importer during 2019-2023?
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