Accounting - Study Mode
[#1736] A bill of exchange payable after a certain period is known as . . . . . . . . bill.
Correct Answer
(A) Time
[#1737] Preference shareholders are entitled to a fixed rate of . . . . . . . .
Correct Answer
(B) dividend
[#1738] In life insurance, the risk insured is
Correct Answer
(C) not certain to occur and also the timming of its occurrence is not known
[#1739] . . . . . . . . of net surplus of a life insurance company is given to policyholders as bonus.
Correct Answer
(C) 95%
[#1740] Capital reduction account is used to . . . . . . . .
Correct Answer
(A) write off losses