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General Accounting Principles Company Final Accounts

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As per Companies Act, the Balance Sheet of a company is required to be presented in ………………………

Horizontal Form

Vertical Form

Either Horizontal or Vertical Form

None of the above

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Explanation:

balance sheet is a financial statement that summarises comapny's Equity (Shareholder's fund) , liabilities and assets at a specific period of time. The Balance Sheet of a company is prepared in the prescribed format in verticle form , i.e. Schedule 3, part 1, of the companies Act,2013.