Question

according to which balance sheet of banking companies is prepared​

Answer 1

Answer:

The balance-sheet and Profit & Loss account of a banking company should be prepared in a form set out in the third schedule of BR Act. The companies Act specifies the format set out in Part I -of Schedule VI to the Companies Act, 1956 that every company have to follow for preparing the balance-sheet and Profit & Loss.

Explanation:

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Answer 2

Answer:

The balance - sheet and profit & less account of a banking company should be prepared in a form set out in the third schedule of BR Act . The company Act specifies the format set out in part I - of schedule VI to the companies Act , 1956 that every company have to follow for preparing the balance - sheet and profit & loss.

Explanation:

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