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    Question

    As per the Companies Act, 2013, the financial statements

    of a company include:
    A Balance Sheet Correct Answer Incorrect Answer
    B Profit & Loss Account Correct Answer Incorrect Answer
    C Cash Flow Statement Correct Answer Incorrect Answer
    D Notes to Accounts Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Section 2(40) of the Companies Act, 2013, defines "financial statements" to include a Balance Sheet, a Profit and Loss Account (or an Income and Expenditure Account for non-profit companies), a Cash Flow Statement, a Statement of Changes in Equity (if applicable), and any explanatory Notes annexed to these documents.

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