BUSINESS ADMINISTRATION
BANKING AND INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A
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B
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H
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F
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Detailed explanation-1: -Form B :-Profit and loss account for the year ended on 31st March (year) | Banking Regulation Act, 1949 | Bare Acts | Law Library | AdvocateKhoj.
Detailed explanation-2: -Profit and loss (P&L) statement refers to a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a quarter or fiscal year.
Detailed explanation-3: -Form 23ACA – E-Form for submitting Profit & Loss Account with Registrar. For submitting Profit & Loss Account with the Registrar, a company has to file e-Form 23ACA. With the form, it has to attach an audited copy of Profit & Loss Account.
Detailed explanation-4: -A profit and loss statement is calculated by totaling all of a business’s revenue sources and subtracting from that all the business’s expenses that are related to revenue. The profit and loss statement, also called an income statement, details a company’s financial performance for a specific period of time.