Question
Insurance firms have to obtain prior approval from which
organization to launch new products?Solution
In a bid to empower insurance companies to respond to the emerging market needs in terms of products, the Insurance Regulatory and Development Authority of India (IRDAI) extended the “Use and File” procedure to all health insurance products and most general insurance products under, fire, motor, marine, and engineering. Currently, insurance firms have to obtain prior approval from the insurance regulator to launch new products.
For every debit there will be an equal credit according to
Which of the following is not true about capital reserves?
Which of the following statement is incorrect?
An annuity that starts at a predetermined date in the future is called as:
State which statement is correct:
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
Interest coverage ratio can be numerically expressed in the form of the following equation:-
A company produces a single product with the following cost structure:
• Selling price per unit: ₹500
• Variable cost per unit: ₹3...
Under cash basis accounting, revenue is recorded when:
Which of the following is an example of an adjusting journal entry?
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