Under the Indian Companies Act, 2013, financial statements include:
A. Only balance sheet and profit & loss account
B. Only balance sheet
C. Balance sheet, profit & loss account, cash flow statement, statement of changes in equity and notes
D. Only profit & loss account
Answer: Option C
Solution (By JKSSB Mock Tests)
As per Companies Act 2013, financial statements comprise balance sheet, profit and loss account, cash flow statement, statement of changes in equity and any explanatory notes.
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