Question

As per Companies Act, $2013$ companies Books must give a ________.

• A. true and fair view
• B. fair view
• C. clear view
• D. true View

Answer 1

Answer: (A)

true and fair view

As per section 129(1) of companies act, 2013 the financial statements shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified and shall be in the form or forms as may be provided for different class or classes of companies in schedule III.