The factor that increase the risk of being underinsured includes:
- non-reviewing of sum insured
- inflation etc
<h3>What is an underinsurance?</h3>
An underinsurance refers to a circumstance of insurance coverage whiuch leaves the policyholder responsible for a large percentage of a total loss.
An underinsurance happens when the sum insured is less than the market value of the property.
In conclusion, the insured is left to borne to loss if any occur.
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<em>brainly.com/question/1083855</em>
Answer: The answer is Debit to Cash $10, Credit Interest income $10 OR Debit Cash $10, Credit Interest receivable $10.
Explanation: Having a $10 in the bank balance that relates to earned interest income means that it has not been recorded in the books (general ledger) and it also means the cash had already come into the bank statement. To record this in the general ledger, we need to debit cash (to reflect the inflow) and credit interest income or interest receivable. If the interest was already accrued for, you credit interest receivable. If not (e.g., some one-off interest), you credit interest income.
Hey there!
A debit card is a card with a specific amount of money on it to be used, but still comes with the convenience of a credit card, just doesn't allow you to use money that's not on there.
Hope this helps!