Corporate accounting 13-03-2023

A policy which runs for a fixed period or up to a particular age of the insured

• Endowment policy

• Whole life policy

• With profit policy

• Without profit policy

Claims against the bank not acknowledged as debt

• Contingent liability

• Current liability

• Long term liability

• Short term liability

Unexpired discount

• Prepaid discount

• Outstanding discount

• Unearned discount

• Rebate on bills discounted

NPA stands for

• Net profit account

• Non performing assets

• Net performing assets

• Net premium account

The insurance policy which matures only on death of the insured

• Endowment policy

• Whole life policy

• With profit policy

• Without profit policy