………is a form of agreement between two parties in which one party agrees to make good for loss of another.

Related MCQs

• ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.
• ……….is an agreement between two insurance companies whereby one transfers a part of risk to other.
• In …………., the insurer agrees to pay a certain sum of money to the policyholder either on his death or a certain age, which ever is less.
• 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 ………
• When the Vendor (seller) company agrees to bear liquidation expenses, it will debit
• Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.
• What is the amount an asset could achieve if sold between knowledgeable, willing parties in an arm’s length transaction?
• The Profit and Loss Account of companies is prepared in the form ………….
• A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company required to prepare its project and loss account according to Form B in the Schedule III to the Banking Regulation Act.