Rebate on bills discounted is shown on the liability side of the ……….
A) Profit & loss a/c
B) Income statement
C) Balance sheet
D) None of these
Correct Answer:
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Q1: A demand loan is payable on ……………………………………..
A)Demand
B)At
Q2: Banks shown provision for income tax under
Q3: No profit and loss appropriation account is
Q4: Banks are required to prepare final accounts
Q5: A banking company required to prepare its
Q7: Revenue reserve means any reserve other than
Q8: A …………. Company required to prepare its
Q9: A banking company required to prepare its
Q10: A banking company prepares its ……………….. according
Q11: Section 5(1) b of Banking Regulations Act
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