13) Provision for unexpired risks is the provision that the insurance company creates to cover the expected costs that may result from events that occurred before the end of the financial year and were not reported to the insurance company

Select one: True False

14) The crediting party of the cash collection entry for the value of the collection bills is

Select one: a. Current accounts of the depositor customer b. cash c. Bills of exchange for collection fee d. Current accounts debit customer