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    Question

    As per section 128 of the Companies Act, 2013 for how long should the books of account be preserved by a company?

    A 5 years Correct Answer Incorrect Answer
    B 7 years Correct Answer Incorrect Answer
    C 8 years Correct Answer Incorrect Answer
    D 10 years Correct Answer Incorrect Answer

    Solution

    As per section 128 (5) every company must keep the books of account in good order together with the vouchers relevant to any entry in such books of accounts for a minimum of 8 financial years immediately preceding a financial year

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