Which of the following is incorrect?
A. Profit is excess of income over outgo
B. Profits are excess of assets over liabilities
C. The same yardstick as is followed by a firm can be applied while life ins. valuation
D. All of the above
Answer: Option C
Solution(By Examveda Team)
The same yardstick as is followed by a firm cannot be applied while life insurance valuation. Both have different ways.Related Questions on Insurance
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