The specific form of Profit & Loss Account is provided under the _____ .
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No form for Profit and Loss Account has been prescribed in the Companies Act as it has been prescribed for Balance Sheet, but “Requirements” as to Profit and Loss Account are given in Part II of Schedule VI.
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3
Answer:
No form for Profit and Loss Account has been prescribed in the Companies Act as it has been prescribed for Balance Sheet, but “Requirements” as to Profit and Loss Account are given in Part II of Schedule VI.
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