The presentation of the balance sheet is not same for the.......................companies which is prescribed in schedule III of the Companies Act, 2013.
Answer & explanation
Correct answer: option 3
Format of Balance Sheet applies to all Indian companies preparing financial statement as per Schedule III to the Comapnies Act, 2013 but It does not apply to (i) Insurance or Banking Company, (ii) Company for which a form of balance sheet or income statement is specified under any other Act.