Question

2.          Annual statements of accounts should be prepared within __days of close of the accounting year.

(A)    90 days         (B) 45 days           (C) 65 days          (D) 180 days

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Answer 1

Answer:

the answer is 65 days

Explanation:

annual statement of account 31 may and 31 july

Answer 2

Answer:

Option (B) 45 days is the correct alternative.

Explanation:

As per the guidelines of the learned authorities, Annual statements of accounts should be prepared within 45 days of the closure of the accounting year.