Banks are required to transfer …………………. Of their profit to a statutory reserve

Related MCQs

• A …………. Company should transfer 25% of its profit to a statutory Reserve
• Revenue reserve means any reserve other than ……………. Reserve
• A banking company should transfer 25% of its profit to a …………….
• Realization account is closed by transfer of profit/loss to
• Banks are required to prepare final accounts for each ……….. year
• A banking company required to prepare its profit & loss account according to ……………………… of the III schedule of the Banking Regulations Act.
• Reserve for unexpired risk is shown under :
• …………….. reserve is created to meet any loss due to natural calamity
• Banks shown provision for income tax under the head ……………….
• To ascertain profit in life insurance business ………………. Prepared.