Contract of Insurance is a contract between the trader and the insurance Company to -

Related MCQs

• Consequential loss policy for fire insurance gives insurance againest -
• By deducting cash price from the contract price of assets, the difference of the amount is called
• Paid Rs. 7000 at the time of contract. Four annula instalments were paid respectively Rs. 7800 , Rs. 6200, Rs. 4700, Rs. 3300. Rate of intrest is 10% Find cash price.
• Fire insurance Provides cover for -
• Stock of goods destroyed by Fire Rs. 10000 Stock of goods salvaged Rs. 2000, Value of insurance policy Rs. 9000. There is an average clause in the policy, Then the Amount of claim is -
• The main difference between sale under Hire purchase agreement and sales under Installment system is regarding
• In case of purchase and sales of securities ex- interest -
• At the end of the year, the interest paid and depreciation charged are transferred to the account
• Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.
• At the end of the year, the interest paid and depreciation charged are transferred to the                  account