Q. How should expenditure incurred on each of the listed items be presented in the profit and loss account?

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Q. How should dividends from subsidiary companies be treated in the profit and loss account?

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Q. What information should be provided in the profit and loss account by way of a note regarding expenditure in foreign currency?

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Q. What information should be provided in the profit and loss account by way of a note regarding the value of imports?

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Q. What are the primary legislations providing the legal framework for insurance accounting in India?

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Q. According to Section 11 of the Insurance Act, 1938, what financial statements are insurers required to prepare at the expiration of each financial year?

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Q. What is the requirement for insurers regarding the maintenance of separate accounts?

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Q. Which of the following is NOT listed as a major consideration for accounting and financial management for insurance companies in India?

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Q. According to IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, which schedule provides the requirements for preparing financial statements for an insurer carrying on life insurance business?

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Q. For an insurer carrying on general insurance business, which schedule of the IRDA Regulations specifies the requirements for preparing financial statements?

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Q. What is the purpose of Schedule 'C' in the context of IRDA Regulations for insurance companies?

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Q. Which of the following Accounting Standards is NOT applicable to insurers according to IRDA Regulations?

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Q. In the context of life insurance business, what are the specified forms for preparing Financial Statements according to the IRDA Regulations?

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Q. In the context of life insurance business, which of the following is NOT among the specified forms for preparing Financial Statements according to the IRDA Regulations?

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Q. For life insurers, which document provides comments on the financial performance and operations of the company?

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Q. According to the IRDA Regulations, what should be prepared separately in the Revenue Account for life insurers?

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Q. For non-life insurers, what are the specified forms for preparing Financial Statements according to the IRDA Regulations?

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Q. What is the purpose of the Cash Flow Statement in the context of the insurance industry?

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Q. Which part of the IRDA Regulations specifies the forms for financial statements for non-life insurers?

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Q. What should financial statements for non-life insurers be supported by, according to the IRDA Regulations?

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