Schedule III Part II of the Companies Act, 2013 deals with which one of the following ?
Schedule III of the Companies Act, 2013 prescribes the statutory format for financial statements: Part I sets out the vertical format of the Balance Sheet, while Part II…
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Schedule III Part II of the Companies Act, 2013 deals with which one of the following ?
Answer and explanation
Correct answer B
Schedule III of the Companies Act, 2013 prescribes the statutory format for financial statements: Part I sets out the vertical format of the Balance Sheet, while Part II sets out the 'Format of Statement of Profit and Loss' ('Format of Profit and Loss Account').
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UGC NET Commerce