Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Asa per companies Act 2013, a Company is NOT required to prepare which of the following?

Options:

Balance Sheet

Profit and Loss A/c

Notes to Accounts

None of the above

Correct Answer:

None of the above

Explanation:

Every company registered under The Companies Act 2013 shall prepare its balance sheet, statement of profit and loss and notes to account thereto in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013