In the format of an account in the ledger, the columns usually do NOT contain the __________.
journal folio
In the ledger, the columns typically contain the amount, particulars, and ledger folio. The journal folio is not a standard column in the ledger, as it is a reference to the original journal entry.
Important Questions from Insurance
Given below are two statements
Statement I: In the case of Life Insurance, the insurable interest must be present in the person insured at the time when the event happened.
Statement II: In the case of Fire Insurance, the insurable interest must be present in the object insured at the time when the policy is taken and the event has happened.
In light of the above statements, choose the correct answer from the options given below
Which of the following sentences explains the principle of utmost good faith in insurance?
‘Average clause’ in insurance is applicable for which one of the following cases?
Who among the following relatives of a deceased insured person is not “dependent” under the Employees’ State Insurance Act, 1948?
When did Life Insurance Corporation come into existence ?
