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The correct answer is : (c) Ledger

The different types of General Insurance are fire, marine, Motor Vehicle, accident and other types of non life insurance. 

General Insurance comprises of: 

• Insurance of property against fire, theft etc. 
• Personal Insurance such as Accident & Health Insurance. 
• Liability Insurance which covers legal liability arising out of third party claims such as claim from a person injured in a motor accident etc. 
• Other types of Insurances such as Credit Insurance, Crop Insurance, etc.

(a) Principle of Proximate cause 

(b) Principle of Subrogation

Current assets.

(c)  Under the head reserves and surplus as a negative item

The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as. Current assets.

The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as. Current assets.

Unrecorded liability is shown in new balance sheet seperately liabilites side.

Profit and loss on revaluation at eh time of retilement is shared by All partern

On the death of a parterm in a firm payment are made to executor’s A/C.

In the event of death of a partner, the accumulated profits and losses are shered by the partner in their  old profit sharing ratio.

(d)  None of these

Expenses on dissolution of a firm are called  realisation expena.

(d) None of these 

(b)  Horizontal or vertical

Profit on cancellation of own debentures is transferred to  Capital reserve account.

On dissolution of a firm, redisation account is debited with All assets to be realised

SEBI guidelines in respect of redemption of debentures are to protect the interest of Debenture holders

National integration refers to national unity and a sense of belonging to the nation.

Vokkaligas and Lingayath.

On dissolution of the firm, parthern capital Accounts are closed through Bank account

(A) Rs 3,50,000

Cash flow statements is related to As-3

(d) All of the above

Dividend for the share holders are Tax-free amount.

depreciation is non cash item: 

(A) Operating Activity

Demographic dividend refers to demographic or population advantage which is obtained due to numerical domination of the young people in the population. It is an advantage due to less dependency ratio.

Demographic dividend refers to demographic or population advantage which is obtained due to numerical domination of the young people in the population. It is an advantage due to less dependency ratio.

Dependency ratio means that children less than 14 years and people above 65 years are considered as dependent on the rest of the population. In simple terms, the ratio of the combined age group 0-14 years plus 65 years & above to the 15-65 years age group is referred to as the total dependency ratio.

The younger age groups in the age structure are believed to be an advantage for India. Like the East Asian economies in the past decade and countries like Ireland today, India is supposed to be benefitting from a ‘demographic dividend’.

This dividend arises from the fact that the current generation of working-age people is a relatively large one, and it has only a relatively small preceding generation of old people to support. But there is nothing automatic about this advantage – 

it needs to be consciously utilised in the following ways.

a. The demographic advantage or ‘dividend’ to be derived from the age structure of the population is due to the fact that India is one of the youngest countries in the world. In 2020, the average Indian will be only 29 years old, compared with an average age of 37 in China and the United States, 45 in Western Europe, and 48 in Japan. This implies a large and growing labour force, which can deliver unexpected benefits in terms of growth and prosperity.

b. But this potential can be converted into actual growth only if the rise in the working age group is accompanied by increasing levels of education and employment.

c. India is indeed facing a window of opportunity created by the demographic dividend. The effect of demographic trends on the dependency ratio defined in terms of age groups is quite visible. The total dependency ratio fell from 79 in 1970 to 64 in 2005.

But the process is likely to extend well into this century with the age-based dependency ratio projected to fall to 48 in 2025 because of continued fall in the proportion of children and then rise to 50 by 2050 because of an increase in the proportion of the aged.

d. This suggests that the advantage offered by a young labour force is not being exploited. Unless a way forward is found, we may miss out on the potential benefits that the country’s changing age structure temporarily offers.

Discount on issue of shares is a capital Loss

In the Absence of any Partnership Agreement, the Profit or Loss of the Firm are Divided Equally.

Issue of debentures  is not an example of cash out flow:

Premium on issue of shares is a Capital gain.

(b) Increase in stock

Correct option is: (D) All the above

Correct option is: (B) Retained Earning = Total Revenue - Expenses

(B) Capital Profit