Question

Which one of the following is/are to be published or exhibited by Society in the Notice Board of society? I. Audit certificate. II. Statement of R and D for the year. III.Summary of defects. IV. Profit and Loss Account. V. Balance Sheet.

• A. I, II and III only
• B. II, III and IV only
• C. I, II, IV and V only
• D. All of the above

Answer 1

Answer:

C. I, II, IV and V only

A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity. The balance sheet is one of the three core financial statements that are used to evaluate a business. It provides a snapshot of a company's finances (what it owns and owes) as of the date of publication.