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    Question

    Schedule III of the Companies Act, 2013,

    prescribes:
    A The format for Board's Report Correct Answer Incorrect Answer
    B The format for Financial Statements Correct Answer Incorrect Answer
    C The rules for Auditors' Appointment Correct Answer Incorrect Answer
    D The definition of related party transactions Correct Answer Incorrect Answer
    E The managerial remuneration limits Correct Answer Incorrect Answer

    Solution

    Schedule III to the Companies Act, 2013, lays down the format for the presentation of the Balance Sheet, Statement of Profit and Loss, and other comprehensive income. It provides the minimum line items and disclosures required.

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