Question

Which of the following are important accounting functions in a general insurance company?

a.

Premium accounting

b.

Commission / brokerage accounting

c.

Claims accounting

d.

All of the above

Answer: (d).All of the above Explanation:Premium accounting, Commission / brokerage accounting, and Claims accounting are among the important accounting functions in a general insurance company, along with others such as Accounting of expenses of management, Co-insurance accounting, Re-insurance accounting, Investment accounting, and Accounting of foreign operations.

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Q. Which of the following are important accounting functions in a general insurance company?

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