New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The books of account of every company relating to a

    period of _____________ immediately preceding a financial year shall be kept in good order
    A Eight financial years Correct Answer Incorrect Answer
    B Less than eight financial years Correct Answer Incorrect Answer
    C Not more than seven financial years Correct Answer Incorrect Answer
    D Not less than eight financial years Correct Answer Incorrect Answer
    E Maybe more than eight financial years Correct Answer Incorrect Answer

    Solution

    Companies Act  Section 128. Books of account, etc., to be kept by company: (5) The books of account of every company relating to a period of not less than eight financial years immediately preceding a financial year, or where the company had been in existence for a period less than eight years, in respect of all the preceding years together with the vouchers relevant to any entry in such books of account shall be kept in good order.

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