Question
What is the sum which a company is required to deposit
in the deposit repayment reserve account?Solution
Section 73. Prohibition on acceptance of deposits from public: (2) (c) depositing, on or before the thirtieth day of April each year, such sum which shall not be less than twenty per cent. of the amount of its deposits maturing during the following financial year and kept in a scheduled bank in a separate bank account to be called deposit repayment reserve account.
In insurance accounting, what do insurance companies set aside to account for potential claims that may arise after the closing date but within the pol...
Under AS 6, which of the following cannot be considered a method of depreciation?
Which is not a method of overhead apportion mechanism?
Who generates contract on GeM?
Liability for the drawer for the bill discounted is a:
Time of supply means
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ABD Limited received 5,90,000 as premium on new policies and 1,20,000 as renewal premium. The company received 90,000 towards reinsurance accepted and p...
An interface that communicates with other tiers in a three-tier architecture structure is known as ________.
Agent should not deal on his own account without first obtaining the consent of the principal, otherwise the principal may—
