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    Question

    Which form is used for preparing the Profit and Loss

    Account of an insurance company carrying out life insurance business under the IRDA Regulations, 2002?
    A Form A - RA Correct Answer Incorrect Answer
    B Form A - PL Correct Answer Incorrect Answer
    C Form A - BS Correct Answer Incorrect Answer
    D Form A - P&L Correct Answer Incorrect Answer
    E Form A - GAAP Correct Answer Incorrect Answer

    Solution

    The Profit and Loss Account of an insurance company carrying out life insurance business under the IRDA Regulations, 2002, is prepared using Form A - PL.

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