📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      The format for the 'Statement of Profit and Loss' is

      prescribed in which schedule of the Companies Act, 2013?
      A Schedule I Correct Answer Incorrect Answer
      B Schedule II Correct Answer Incorrect Answer
      C Schedule III Correct Answer Incorrect Answer
      D Schedule IV Correct Answer Incorrect Answer

      Solution

      Schedule III of the Companies Act, 2013, provides the general instructions and format for the preparation of both the Balance Sheet and the Statement of Profit and Loss (also known as the Income Statement).

      Practice Next
      ask-question