Page 41 - IC26 LIFE INSURANCE FINANCE
P. 41

Preparation of financial Statements:


               (i)    Trading & Profit & Loss A/c
               (ii)   Balance sheet Companies Act, Part I of schedule VI has prescribed the format of Company’s
                      Balance sheet.


           Liabilities            Amount       Assets                                   Amount
           Share Capital                       Fixed assets
           Reserves & Surplus                  Investments
           Secured Loans                       Current Assets, Loans & advances
           Unsecured Loans                     a) Current Assets,
           Current liabilities and             b) Loans & advances
           Provisions:                         Miscellaneous Expenditure
           1) Current liabilities              Profit & Loss Account
           2) Provisions


















































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