Question

Which of the following books is NOT mandated to be maintained under the Companies Act, 2013?

Q: Answer-Which of the following books is NOT mandated to be maintained under the Companies Act, 2013?

Section 128 of the Companies Act, 2013, requires every company to maintain proper books of account. These typically include a Cash Book, a Journal, and a Ledger to give a true and fair view of the companys affairs. A Petty Cash Book, while an essential and practical tool for tracking small, routine expenses, is not specifically mandated by the Act. It is a subsidiary book, and its function can be subsumed within the main Cash Book.