Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

In which meeting of company, the Directors Report is presented?

Options:

Directors Meeting

Annual General Meeting

General meeting

Management meeting

Correct Answer:

Annual General Meeting

Explanation:
The Directors' Report is typically presented in the Annual General Meeting (AGM) of a company. The Annual General Meeting is a mandatory meeting held once a year, as required by the corporate laws of most countries. During the Annual General Meeting, the company's directors present the financial statements, including the balance sheet, income statement (profit and loss statement), cash flow statement, and related reports, including the Directors' Report. The Directors' Report is a comprehensive document that provides an overview of the company's performance, achievements, challenges, and future prospects during the previous fiscal year.