Question

the form of Balancesheet is prescribed by
a) schedule III, part I
b) schedule III, Part II
c) schedule VI, part II
d) schedule I, part A​

Answer 1

Answer:

form of Balancesheet is prescribed

Explanation:

Balance sheet of a company is prepared and presented in the form prescribed in (Revised) Schedule VI of the Companies Act, 1956. The form prescribed is vertical and is given in Exhibit 3.1

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Answer 2

Answer:

The answer is c. schedule VI, part II