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      Question

      Schedule III Part 2 of the Companies Act, 2013, pertains

      to the Format of ______?
      A Statement of Profit and Loss Account Correct Answer Incorrect Answer
      B Balance Sheet Correct Answer Incorrect Answer
      C General instructions for the preparation of consolidated financial statements Correct Answer Incorrect Answer
      D General instructions for preparation of financial statements of a company required to comply with Ind AS Correct Answer Incorrect Answer
      E Notes to Accounts 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. Part 1 relates with Format of Balance Sheet and Part III pertains to General instructions for the preparation of consolidated financial statements.

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