Category: IC46 GENERAL INSURANCE ACCOUNTS PREPARATION – 04

Que. 1 : Q1) Under which basis where it is possible to determine the underwriting result of an insurance business written in an accounting period at the end of that period?    1.  a) Annual Basis of accounting    2.  b) Fund Basis of accounting    3.      4.   Que. 2 : Q2) Capital, drawings and individuals are examples of which account?    1.  a) […]