Question : The term Operating Cycle is defined in-----------------------------------
Option 1: Schedule III companies act 2013
Option 2: Schedule IIII companies act 2016
Option 3: Schedule III companies ACT 2020
Option 4: None of the above
Correct Answer: Schedule III companies act 2013
Solution : Answer = Schedule III Companies Act 2013
The term "Operating Cycle" is defined in Schedule III of the Companies Act, 2013. This schedule provides guidelines for the presentation of financial statements by companies in India. It outlines the principles and requirements for preparing balance sheets, profit and loss statements, and other financial documents.
Hence, the correct option is 1.




