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    Question

    Which of the following books is NOT mandated to be

    maintained under the Companies Act, 2013?
    A Cash Book Correct Answer Incorrect Answer
    B Journal Correct Answer Incorrect Answer
    C Ledger Correct Answer Incorrect Answer
    D Petty Cash Book Correct Answer Incorrect Answer
    E All of the above are mandated Correct Answer Incorrect Answer

    Solution

    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 company's 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.

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