Question

Which of the following is not required to be prepared under the Companies Act?

विकल्प

• Statement of Profit and Loss

• Balance Sheet

• Report of Director’s and Auditor’s

• Funds Flow Statement

Answer 1

Funds Flow Statement

Explanation:

Under the Companies Act, 2013, the following financial statements are mandatory for a company to prepare:

1. Balance Sheet
2. Statement of Profit and Loss
3. Cash Flow Statement (for certain companies)
4. Statement of Changes in Equity (for companies with share capital)
5. Notes to Accounts
6. Director’s Report and Auditor’s Report (as part of the annual report)