A check written for $43.00 was entered in the records with a credit to the Cash account for $34.00 . On the bank reconciliation, the correction of the error will require an additional $9.00 deduction to the checkbook cash balance

Which statement(s) is/are true about subrogation?

I. Subrogation supports the principle of indemnity. II. Subrogation helps to keep insurance premiums lower. (a) I only (b) II only (c) both I and II (d) neither I nor II

Which of the following statements about blanket accident and sickness insurance policies is NOT correct?

A) The insurer does not need to furnish each person with a certificate. B) They can be issued on a group basis or an individual basis. C) They are issued to groups such as common carriers and educational institutions. D) Individual applications are not required.