The agreement of insurance is called as ………..

Related MCQs

• 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:
• . …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.
• The consideration in insurance for covering the risk is called ………….
• The commission earned by insurance companies from others for giving them business under reinsurance is called …………………
• The commission given by insurance companies to others for receiving business under reinsurance is called …………………
• . ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• _______ is the initial payment made at the time of signing the hire purchase agreement
• Which of the following errors affects the agreement of a Trial Balance?
• 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