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Question
Provisions regarding maintenance of books of account are contained in section ________ of the companies Act, 2013.
Provisions regarding maintenance of books of account are contained in section ________ of the companies Act, 2013.
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Solution
The correct option is B 128
Section 128 of companies act, 2013 requires every company to prepare and keep books of account and other relevant books and
papers and financial statement for every financial year which give a true and
fair view of the state of the affairs of the company, including that of its
branch office or offices, if any, and explain the transactions effected both at
the registered office and its branches and such books shall be kept on accrual
basis and according to the double entry system of accounting.
Section 128 of companies act, 2013 requires every company to prepare and keep books of account and other relevant books and papers and financial statement for every financial year which give a true and fair view of the state of the affairs of the company, including that of its branch office or offices, if any, and explain the transactions effected both at the registered office and its branches and such books shall be kept on accrual basis and according to the double entry system of accounting.
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