banks prepare the account for (a)calender year (b)financial year (c)cooperative year
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Answer:
banks prepare account for- financial year
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Answer:
(B) Financial Year
Banks prepare the accounts for the Financial Year.
Explanation:
Financial Year is the period starting from 01st of April to 31st of March in next year.
The Reserve Bank of India is the regulator for Banks in India.
Banks are governed by Banking regulation act 1949.
All banks in India have to close to books of account as on 31st march and follow financial year.
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