Hi, Anyone can explain what account actually the word 'statutory account' refer to? Is that mean EPF, SOCSO and PCB account?
From Malaysia, Kuala Lumpur
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Hi,

Statutory accounts for a normal Sdn Bhd refer to financial statements (F.S.) for the relevant year ended, which comprise the balance sheet, income statement (profit & loss / P&L), directors' report, and statutory declaration by a director/person responsible for the F.S.

Under MASB, F.S. comprise the balance sheet, P&L, cash flow statement, statement of changes in equity, and notes to the F.S.

From Malaysia, Kuala Lumpur
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