Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:
The companies are required to present financial statement as per which Schedule of the Companies Act 2013?
Options:
I
II
III
IV
Correct Answer:
III
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 .