Category: IC46 GENERAL INSURANCE ACCOUNTS PREPARATION – 08

Que. 1 : Q1) A ___________ is one, benefit of which is exhausted within one accounting period.    1.  a) Capital receipt    2.  b) Revenue transaction    3.  c) Capital transaction    4.  d) Capital expenditure Que. 2 : Q2) ________________ of consolidated subsidiaries has to be identified and adjusted against the group in order to arrive at the net income attributable to the […]