CAF-4 · Chapter 25 · Question 3 of 19
Under Section 2(33) of the Companies Act, 2017, which of the following documents is explicitly included in the definition of 'financial statements'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) A statement of financial position and a statement of profit or loss and other comprehensive income.
Explanation
The legal definition of 'financial statements' specifically includes a statement of financial position as at the end of the period, and a statement of profit or loss and other comprehensive income.
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