The main objective of average clause contained in a fire insurance policy is to

Related MCQs

• Under the average clause, the loss is suffered by both insurer and insured in the ratio of risk covered Sol:
• Goods in stock worth ` 800 are destroyed by fire and the Insurance Co. is accepted the claim for ` 600. Adjustment would involve:
• The amount paid as premium for an insurance policy taken for redemption of debentures is credited at the end of the accounting period to:
• The main objective of providing depreciation is
• The main objective of providing depreciation is to
• The ____________ in a ledger helps in locating the accounts contained in it
• If goods are destroyed by fire , the total value of loss is __________ to trading account.
• The Primary objective of providing depreciation is:
• The concept that business is assumed to exist for an indefinite period and is not established with the objective of closing down is referred to as
• What is the important objective of accounting?