Board's Report
The report the directors present to shareholders alongside the financial statements each year, covering operational performance, CSR, related-party transactions and other matters required under Section 134.
Related terms
- Bank Reconciliation Statement (BRS)
A reconciliation between the cash book balance and the bank statement balance, explaining every difference (outstanding cheques, unrecorded charges, deposits in transit).
- Blocked Credit (Section 17(5))
Categories of input tax credit specifically disallowed under the CGST Act, such as credit on motor vehicles for personal use or on goods lost or stolen, regardless of whether conditions are otherwise met.
- Books of Account
The complete set of financial records a company is legally required to maintain under Section 128 of the Companies Act, forming the basis from which the financial statements are prepared.
- Capital Work-in-Progress (CWIP)
Costs incurred on an asset under construction or development that has not yet been brought into use, carried separately from completed fixed assets.
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