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    Question

    Which Schedule of the Companies Act, 2013 deals with the

    general instructions for preparation and presentation of the final accounts of a company?
    A Schedule 2 Correct Answer Incorrect Answer
    B Schedule 3 Correct Answer Incorrect Answer
    C Schedule 4 Correct Answer Incorrect Answer
    D Schedule 5 Correct Answer Incorrect Answer

    Solution

    There are a total of 7 schedules in the Companies Act, 2013. The form for Final accounts (i.e. Balance Sheet and Profit & Loss account) is given under Schedule 3. It is also referred to as Revised Schedule VI as this topic was initially dealt with Schedule VI of the erstwhile Companies Act 1956.

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