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    Question

    Which of the following Schedules of the Companies Act, 2013 deals with the format for the preparation of financial statement of a company?

    A Schedule III Correct Answer Incorrect Answer
    B Schedule IV Correct Answer Incorrect Answer
    C Schedule VI Correct Answer Incorrect Answer
    D Schedule VII Correct Answer Incorrect Answer

    Solution

    Section 129 of the Companies Act -The financial statements shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified under section 133 and shall be in the form or forms as may be provided for different class or classes of companies in Schedule III.

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