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

Related MCQs

• . …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.
• Which of the following statements is/are true? (i) An error in casting the subsidiary books is an error of commission (ii) An error in wrong casting of the sales day book will not affect the personal accounts of debtors (iii) Mistake in transferring the balance of an account to the Trial Balance will not affect the agreement of the Trial Balance (iv) The mistake of treating a liability as an income or vice versa will not affect the agreement of a Trial Balance
• When there is a change in the current partners’ association that results in ending the existing agreement and initiate a formation of a new agreement is known as Sol:
• 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.
• The statement of profit or loss is prepared according to _______ method to calculate profit or loss under single entry system
• AB are two partners in a firm, as per the terms of agreement partners drawing will carry interest @ 10%. If A has drawn funds from business as per the details given below. Find the interest for the year ended 31.12.2012 01.04.2012 ` 20,000 01.06.2012 ` 10,000 01.09.2012 ` 20,000
• royalty is an agreement between the following person Sol:
• Peeru and Simu entered in the business of buy and sale of food grain for a period of one year and sharing the profit in the ratio of 3:2, this agreement is a
• A second hand car is purchased for ` 2,00,000 and sold at ` 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car.
• How many parties are generally found in a Bill of Exchange