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What is Statutory Account refer to?





 

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30-06-2009, 01:42 PM
Join Date: Apr 2009
Location: Penang, Malaysia.
What is Statutory Account refer to?
Hi,

Anyone can explain what account actually the word 'statutory account' refer to?

Is that mean EPF, SOCSO and PCB account?
 
14-10-2009, 01:31 PM
Join Date: Oct 2009
Location: pj, selangor, malaysia, earth
hi,

statutory accounts for a normal sdn bhd refer to financial statements (f.s.) for the relevant year ended which comprises balance sheet, income statement (profit & loss/ p&l), directors' report, statutory declaration by a director/person responsible for the f.s.

under masb, f.s. comprise bs, p&l, cashflow, statement of changes in equity & notes to the f.s.

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