CA Inter P2 · Chapter 11 · Question 10 of 11
Under section 34(2), every LLP must prepare a Statement of Account and Solvency for each financial year within:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Six months from the end of the financial year
Explanation
Section 34(2) requires every LLP to prepare a Statement of Account and Solvency within six months from the end of each financial year. It must be signed by the designated partners and filed with the Registrar. The annual return under section 35 is filed within sixty days of the close of the financial year.
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