Category: IC46 GENERAL INSURANCE ACCOUNTS PREPARATION – 07

Que. 1 : Q1) A lease is classified as an ____________ if it does not transfer substantially all the risks and rewards incident to ownership.    1.  a) Finance lease    2.  b) Operating lease    3.      4.   Que. 2 : Q2) All transaction are not events but all events are transactions. Say whether True or False.    1.  a) True    2.  b) False    3.   […]