CAF-4 · Chapter 25 · Question 1 of 19
For how long is a company legally required to preserve its books of accounts in good order?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) For a period of at least 10 years immediately preceding a financial year.
Explanation
The Companies Act mandates that books of accounts must be preserved in good order for a period of at least 10 years immediately preceding a financial year.
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