Question
A policy that is made mandatory for the customer to buy
is called?Solution
Compulsory insurance is any type of insurance an individual or business is legally required to buy. Compulsory insurance is mandatory for individuals and businesses that want to engage in certain financially risky activities, such as operating an automobile or operating a business with employees.
Under Accounting Standard 5 on Net Profit or Loss for the period, prior period items and changes in accounting policies must be disclosed separately. Wh...
ICDS III deals with which of the following:
Sunita accepted a 90 days bill of Rs. 20,000/- drawn by Vinita on 05.02.2017. On 13.03.2017 Sunita wished to retire the bill. Vinita offered rebate @ 1...
The UTGST Act, 2017 is applicable to Union-Territories except:
What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
A company pays insurance premium of ₹24,000 for 12 months in advance in March 2025 for the period January 2025 to December 2025. The accountant record...
How do Priority Sector Lending Certificates (PSLCs) help banks comply with RBI’s priority sector norms while balancing credit risk?
A machine is purchased for $100,000 and $10,000 is spent on its installation. Residual value of the machine is $9,000 and its useful life is 5 years. Ca...
The process of finding present value of a future amount is called:
A type of market in which securities with less than one year maturity are traded, is classified as
