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    Question

    As per the IRDA Regulations, 2002, a life insurance

    company is required to prepare it’s Balance Sheet in _______ .
    A Form A - RA Correct Answer Incorrect Answer
    B Form A - GAAP Correct Answer Incorrect Answer
    C Form A - PL Correct Answer Incorrect Answer
    D Form A - P&L Correct Answer Incorrect Answer
    E Form A - BS 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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