1.

Which statement are included in the financial statements under Section 2(40) of the Companies Act, 2013?

Answer»

As per Section 2 (40) of the Companies Act, 2013, “Financial 

Statements” in relation to a company include the following:

  • A balance sheet as at the end of the financial year
  • A statement of profit and loss for the financial year
  • Cash flow statement for the financial year
  • A statement of changes in equity, if applicable, and
  • Explanatory notes.


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