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Byju's Answer
Standard XII
Accountancy
Purpose of Financial Statements
Companies Act...
Question

Companies Act, governs the functioning of Indian companies and helps in the preparation of the financials.

A
2010
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B
2011
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C
2012
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D
2013
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Solution

The correct option is D 2013
The financial statement of companies is prepared and their functioning governs according to Companies Act, 2013.

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