Question

Which form is required for preparing the Balance Sheet of an insurance company engaged in general insurance business?

A Form A - RA Correct Answer Incorrect Answer
B Form B - PL Correct Answer Incorrect Answer
C Form B - BS Correct Answer Incorrect Answer
D Form B - GAAP Correct Answer Incorrect Answer
E Form A - BS Correct Answer Incorrect Answer

Solution

Explanation: An insurance company engaged in general insurance business is required to prepare the Balance Sheet using Form B - BS, as per the IRDA Regulations, 2002.

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