In case of a limited company, the term financial statements includes………
A)profit and loss account
B)profit and loss account, profit and loss appropriation account and balance sheet
C)balance sheet
D)none

Question

Quizplus · Accepted Answer

In the context of a limited company, financial statements typically include the profit and loss account, profit and loss appropriation account, and the balance sheet. These documents provide a comprehensive overview of the company's financial performance and position.

In Case of a Limited Company, the Term Financial Statements