Fire insurance is a type of insurance, which is taken for getting financial compensation against the loss by fire. It is a contract in which the insurer promises to pay a certain sum of money to the insured in case of loss of properties caused by .....

The expenses, which are incurred for fulfilling the financial need of the business, are known as financial expenses. These expenses include interest on loan, interest on bank overdraft, bank charges .....

Any two advantages of profit and loss account are as follows: It helps to determine the amount of net profit or net loss made by the business during the particular period of time. It helps to know the amount of office and administrative expenses, .....

The differences between life insurance and non-life insurance are as follows: Bases of differences Life Insurance Non-life Insurance Meaning The insurance of human being is called life insurance. The insurance of goods or properties is .....

Life insurance is one of the common forms of insurance. It has secured a special position all over the world. It is estimated that life insurance comprises 80 percent of the total insurance business done in the world. It was started in England and .....

Any two objectives of preparng profit and loss account are as follows: To know the amount of net profit or net loss. To provide information about office and administrative expenses. .....

Any two advantages of preparing trading account are as follows: It helps to determine the amount of gross profit or gross loss made by the business during the particular period of time. It helps to know the amount of purchases, expenses relating to .....

Any two objectives of preparing trading account are as follows: To know the gross profit or gross loss. To provide information about net purchases and net sales. .....

Trading account is the first step of final accounts, which is prepared in the form of a ledger in order to determine the amount of gross profit or .....

The financial institutions established by the financially poor people for their common benefits are called financial .....

Citizen investment trust is a non-banking financial institution registered and operated under citizen investment trust act 2047. It is mainly established to avoid and expand investment opportunities to the public and encourage them for .....

Children's education and marriage endowment life insurance is a type of life insurance in which the amount of premium will be paid for a certain period to manage the fund for the further education and marriage of a child. Under this policy, the .....

Insurance is a way, which provides security to the man and his property against the risk and uncertainty. It is the cooperative method of distributing the risk of an individual caused by death, fire, accident etc. over a large number of individuals .....

Employees’ Provident Fund is the amount collected by deducting from the salary of a permanent employee of government offices, company and .....

.....

.....

Insurance is a way, which provides security to the man and his property against the risk and uncertainty. It is the cooperative method of distributing the risk of an individual caused by death, fire, accident etc. over a large number of individuals .....

Insurance is a way, which provides security to the man and his property against the risk and uncertainty. It is the cooperative method of distributing the risk of an individual caused by death, fire, accident etc. over a large number of individuals .....

The modern age is the age of information technology. Information technology helps in performing official activities in an efficient manner. Nowadays, banking transactions are also performed through the computerised system. A bank operates its .....

The following are the considerations for issuing the cheque: DateThe date should be mentioned on the cheque properly. If the cheque is more than three months old or if it contains future date then the bank will not pay the amount. Name of the .....

The following are the main objectives of final accounts: - To determine gross profit and net profit of the business during the year. To present true financial position of the business on a given date. To make effective control on financial .....

Final account is prepared to know the profit or loss and the financial position of the .....

Final account is an accounting process, which is prepared at the end of the given period of .....

Any two advantages of insurance are: The insurance protects against the uncertainties providing adequate financial support. It provides financial protection to the insured against the unexpected losses in consideration of nominal amount. .....

The dishonor of the cheque means the refusal made by the bank to pay the amount of the cheque to the payee. It is a condition in which the bank does not pay the amount of the cheque to the payee. The following are some important reasons of .....

The cheque is a written order issued by the depositor directing a particular bank to pay on demand a certain person or to the bearer of the instrument.The cheque is an important means of payment. It is used for paying a large sum of money. It is the .....

The cheque which is issued with the two parallel lines on its face or without stating any word is called crossed cheque. It signifies that the account of a cheque cannot be withdrawn directly in cash on the counter but should be collected in the .....

The cheque is a written order issued by the depositor directing a particular bank to pay on demand a certain person or to the bearer of the instrument.The cheque is an important means of payment. It is used for paying a large sum of money. It is the .....

Any two disadvantages of insurance are: Insurance company shows bias to the insured as it does not compensate all types of losses. It consumes more time to provide financial compensation because lengthy legal formalities. .....

Fidelity guarantee insurance is a process of making financial compensation against the loss caused by embezzlement, theft, error or fraud committed by the staff of the .....

The insurance which is done in order to get the financial compensation for the loss of motor or similar types of vehicles caused by accident, theft or other risk is called motor .....

Marine insurance is a type of insurance, which is taken for getting the financial compensation against the losses due to perils of the sea in the course of a sea voyage. It is the contract made between the insurers and insured to indemnify against .....

Fire insurance is a type of insurance, which is taken for getting financial compensation against the loss by fire. It is a contract in which the insurer promises to pay a certain sum of money to the insured in case of loss of properties caused by .....

Non- life insurance refers to the insurance of goods and properties. The insurance which is done for the physical properties other than human life is known as non-life .....

The cheque is a written order issued by the depositor directing a particular bank to pay on demand a certain person or to the bearer of the instrument.The cheque is an important means of payment. It is used for paying a large sum of money. It is the .....

The bank which facilitates the economic sectors such as industrial, agricultural, rural, etc. by providing capital and technical assistance for their development is known as a development bank. They mainly fulfil financial, administrative and .....

The bank which facilitates the economic sectors such as industrial, agricultural, rural, etc. by providing capital and technical assistance for their development is known as a development bank. They mainly fulfil financial, administrative and .....

The bank which facilitates the economic sectors such as industrial, agricultural, rural, etc. by providing capital and technical assistance for their development is known as a development bank. They mainly fulfil financial, administrative and .....

Term life insurance is the insurance policy purchased by a debtor for a short period to ensure the repayment of a loan to the creditor. It is done for a short period to provide protection against the debt taken in case of death of debtor before .....

Term life insurance is the insurance policy purchased by a debtor for a short period to ensure the repayment of a loan to the creditor. It is done for a short period to provide protection against the debt taken in case of death of debtor before .....

Children's education and marriage endowment life insurance is a life insurance in which the amount of premium will be paid for a certain period to manage the fund for the further education and marriage of a .....

The life insurance which is done for fixed period such as 15, 20, 25 years etc. is called endowment life insurance. Under this type of life insurance, the insured should pay the premium amount up to the specified period and sum assured is paid by .....

The main aim of whole life insurance is to provide financial protection to the member of the family after one’s .....

The insurance which is done for the whole life of human being is known as whole life insurance. Under this policy, the insured should pay the premium regularly throughout the life and the insurer pays the sum assured only to the nominee or dependent .....

The bank which facilitates the economic sectors such as industrial, agricultural, rural, etc. by providing capital and technical assistance for their development is known as a development bank. They mainly fulfil financial, administrative and .....

The bank which facilitates the economic sectors such as industrial, agricultural, rural, etc. by providing capital and technical assistance for their development is known as a development bank. They mainly fulfil financial, administrative and .....

Life insurance is the contract in which the insured agrees to pay the premium to the insurer against which the insurer promises to compensate the insured sum of money on the happening of an .....

Insurance is a way, which provides security to the man and his property against the risk and uncertainty. It is the cooperative method of distributing the risk of an individual caused by death, fire, accident etc. over a large number of individuals .....

The endorsement is the act of giving signature usually on the back of the cheque for the purpose of transferring it to somebody .....

The dishonor of the cheque means the refusal made by the bank to pay the amount of the cheque to the payee. It is a condition in which the bank does not pay the amount of the cheque to the .....