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      Question

      Which schedule of the Companies Act, 2013, pertains to

      the Format of Statement of Profit and Loss Account?┬а
      A Schedule II Part 1 Correct Answer Incorrect Answer
      B Schedule II Part 2 Correct Answer Incorrect Answer
      C Schedule II Part 3 Correct Answer Incorrect Answer
      D Schedule III Part 1 Correct Answer Incorrect Answer
      E Schedule III Part 2 Correct Answer Incorrect Answer

      Solution

      Schedule III Part 2 of the Companies Act, 2013, deals specifically with the Format of Statement of Profit and Loss Account, outlining the requirements for preparing this financial statement for companies.┬а

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