Question
As per Schedule in of the Companies Act, 2013, a Company
shall disclose by way of notes additional information regarding aggregate expenditure and income in relation to any item of income or expenditure which exceeds:Solution
As per Schedule III of the Companies Act, 2013, companies are required to disclose, by way of notes, additional information regarding any item of income or expenditure that exceeds 1% of the revenue from operations or 1,00,000, whichever is higher. This additional information is essential for providing more detailed insights into the financial statements.
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