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Q. The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'.

Q. When policy matures on the death of the insured, it is expressed as

Q. Balance of receipts and payments account represents

Q. The business will continue to operate for an indefinitely long period in the future, unless there is a good evidence to the contrary this assumption is related to

Q. Goodwill be purchased Sol:

Q. What is not an advantage of a computerized accounting system. Sol:

Q. Calls in arrear Is

Q. In the revenue account bonus in reduction of premium is shown as

Q. in case of straight line method, the amount of deprecation

Q. Specific donation of Rs 1000 is