What is insurance?

Answer Posted / vinay

Insurance is a form of risk management primarily used to hedge against the risk of a contingent or uncertain losses

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

whst is detailed information aboutaccounting standards 20to 29

1764


what is the core accounts

1765


Anyone whose sbi interview has been over , please share all the question asked by them

1603


How to Calculate PF with interest or without interest.

2943


can i have practical examples of AS-30

2029






What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.

1834


When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

1893


Mention some of the major contributions made by you in your present and previous jobs

5726


which are the basic princeples of accountancy... with examples

1834


wHAT ARE EVENTS

1707


Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000

1324


What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?

1747


For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production

2472


fridge was capital or revenue?

1899


Short Answer on _______Appropriation

1537