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Q. General insurance business in India is transacted by Life Insurance Corporation of India.

Q. Fixed assets ratio is a

Q. What will be the Gross Profit if , total sales is Rs 2,60,000,cost of net goods sold is Rs 2,00,000 & sales return is Rs10,000 ?

Q. Under Stock and Debtors System general income is credited to ………..account

Q. If the closing capital is more than the opening capital it’s shows an increase in capital which means a ……………

Q. The value of stock on the date of fire can be ascertained more precisely by preparation of a…………… Account

Q. Due to the inclusion of average clause in the fire insurance policy , an insured becomes a……………….in the event of under insurance.

Q. If Sales of last year is Rs. 600000 and sales of corresponding current year is Rs.200000 then Short sales will be ……………

Q. If Gross profit is 600000, sales is Rs. 15,00,000 then gross profit ratio will be …………..

Q. The word………..Is working together for common purpose.