In the revenue account bonus in reduction of premium is shown as

Related MCQs

• Revenue account is also called …………………………………
• When bonus share are received the average cost of the existing shares are …………………………….
• Bonus shares are issued by ……………….. free reserves
• Bonus shares are issued out of ……………………………………………….
• Investment account is ………………………. Account
• ………… account is real account
• Realization account is a ---------- account
• The account opened to close the various assets and liabilities of the firm on dissolution is called ------------- account
• The nominal account prepared to close the account of business is --------------
• The amount given to the policy holder due to his liability of paying Further premium is called ………………………………..