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    Question

    As per Schedule III of the Companies Act, 2013, which is

    NOT a part of the financial statements?
    A Balance Sheet Correct Answer Incorrect Answer
    B Statement of Profit & Loss Correct Answer Incorrect Answer
    C Cash Flow Statement Correct Answer Incorrect Answer
    D Director's Report Correct Answer Incorrect Answer

    Solution

    The complete set of financial statements includes the Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, Notes to Accounts, and Statement of Changes in Equity. The Director's Report is a separate document.

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