No profits and Loss Appropriation Account is prepared in case of a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company.

Related MCQs

• If the actual profits are more than the expected normal profits, the difference is termed as ‐‐‐‐‐‐‐
• In the calculation of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐, past profits will have to be adjusted, in order to dertemine the future expected profits.
• The Profit and Loss Account of companies is prepared in the form ………….
• Profit and Loss Account of General Insurance Companies are prepared in …………
• Profit and Loss Account of General Insurance Companies are prepared in … ………
• Profit and Loss Account of General Insurance Companies are prepared in … ………
• The profit and loss account under double account system is termed as…..
• In case of .............., one existing company takes over the business of another company and no new company is formed
• In case of .............., one existing company takes over the business of another company and no new company is formed.
• A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company required to prepare its project and loss account according to Form B in the Schedule III to the Banking Regulation Act.