New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    The Division III, inserted in Schedule III of the

    Companies Act, 2013, prescribes the format for preparation of financial statements of which of the following?
    A Manufacturing companies Correct Answer Incorrect Answer
    B Trading companies Correct Answer Incorrect Answer
    C Banks Correct Answer Incorrect Answer
    D NBFCs Correct Answer Incorrect Answer
    E Foreign companies Correct Answer Incorrect Answer

    Solution

    Division I –relates to format for preparation of financial statements for companies complying with Accounting Standards (AS)   Division II-relates to format for preparation of financial statements for companies complying with Indian Accounting Standards (Ind AS)   Division III-relates to format for preparation of financial statements for NBFCs complying with Indian Accounting Standards (Ind AS)

    Practice Next

    Relevant for Exams: