Accountancy, asked by Ethan7152, 7 months ago

Commission, exchange and brokerage is shown by the bank in schedule of____

Answers

Answered by nidaeamann
8

Explanation:

Commission, exchange and brokerage is shown by the bank in schedule of Profit and loss account report issued on annual basis. According to banking regulation act 1949 of India, Form B is used to document the profit and loss and in that form there is a schedule 14 of other income. In that particular section, the Commission, exchange and brokerage are mentioned

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