In the chapter "Audit of CFS", proviso to Rule 6 of Companies (Accounts) Rules states that "If a company is not required to prepare CFS as per AS, it shall be sufficient if the company complies with the provisions on CFS provided in Schedule III of the Act" Here what does the word "complies" mean? Does it mean only disclosure is required? Or Does it mean the CFS has to be prepared?
ANSWERED Ravi answered October 26, 2018     Category:
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