A Single entry system it:
A) Complete and scientific system
B) Incomplete and unscientific
C) Incomplete and scientific
D) Complete and unscientific
Correct Answer:
Verified
Q14: An annual payment which an insurer guarantees
Q15: The amount given to the policyholder due
Q16: . …………..is an agreement between two insurance
Q17: Revenue Account is also called ………….
A)Shareholders' Account
B)Policyholders'
Q18: Valuation balance sheet is prepared by ……………business.
A)Fire
Q19: The commission earned by insurance companies from
Q20: The commission given by insurance companies to
Q21: Profit and Loss Account of General Insurance
Q22: The principle of subrogation is applicable to……………
A)Fire
Q23: Opening capital is ascertained by preparing:
A)Cash book
B)Creditors
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