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    Question

    Which schedule of the Companies Act, 2013, pertains to the Format of Statement of Profit and Loss Account? 

    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. 

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