It is compulsory to prepare statement of profit and loss and balance sheet in ………………… form as per schedule III of Companies Act, 2013.(A) horizontal or T,(B) vertical(C) statement of profit and loss is horizontal and balance sheet vertical(D) statement of profit and loss is vertical and balance sheet horizontal

It is compulsory to prepare statement of profit and loss and balance s

1.	It is compulsory to prepare statement of profit and loss and balance sheet in ………………… form as per schedule III of Companies Act, 2013.(A) horizontal or T,(B) vertical(C) statement of profit and loss is horizontal and balance sheet vertical(D) statement of profit and loss is vertical and balance sheet horizontal
Answer» Correct option is (B) vertical