The profit and loss amount of general insurance companies are prepared in …………………………………..

Related MCQs

• No profit and loss appropriation account is prepared in case of a…………… company.
• To ascertain profit in life insurance business ………………. Prepared.
• The commission earned by insurance companies from others for giving them business under re insurance is called ……………………
• The commission given by insurance companies to others for receiving Business under re insurance is called ………………….
• The insurance indemnifies the insured any loss of profit arising from interruption of the normal activity
• ……………. Is an arrangement between two insurance companies whereby one transfers a part of risk to other .
• A banking company required to prepare its profit & loss account according to ……………………… of the III schedule of the Banking Regulations Act.
• Realization account is closed by transfer of profit/loss to
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock