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      Question

      Which form is required for preparing the Balance Sheet

      of an insurance company engaged in life insurance business as per 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 - GAAP Correct Answer Incorrect Answer
      E Form A - P&L Correct Answer Incorrect Answer

      Solution

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

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