In the case of marine hull insurance, reserve for unexpired risk is to be maintained @....... %of net premium

Related MCQs

• In the case of marine insurance reserve for unexpired risk is …..
• Reserve for unexpired risk is shown under
• Revenue reserve means any reserve other than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ reserve.
• X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………
• Once the share premium account is credited the same, if the premium is not received.
• Capital redemption reserve and security premium can be utilised for issuing ………bonus shares
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Net Assets minus Capital Reserve is………………………
• Net Assets minus Capital Reserve is _________
• In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.