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                                    Demo 00:02:10Section AccountingAuto GlideView InstructionsQuestion No: 04Multiple Choice (Select 1 out of 2 options, for the question below)Token company has taken a Transit Insurance policy. Suddenly in the year 2011-2012 the percentage of accident has gone up to 7% and the company wants to recognise insuranceclaim as revenue in 2011-2012 in accordance with relevant Accounting Standard Do you agree?ResponseYesNo | 
                            
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