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Mandatory period for accounting records

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Mandatory period for accounting records

  • This topic has 1 reply, 2 voices, and was last updated 9 months ago by MikeLittle.
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  • December 28, 2024 at 11:50 pm #714341
    antonsakharov19
    Participant
    • Topics: 4
    • Replies: 0
    • ☆

    Hello,

    I am currently studying LW-Eng and I would like to ask you a question regarding the time that a company has to keep its accounting records for. I have just read that it is 3 years for a private company and 6 years for a public one. However I always thought that the period is 6 years for all companies. I also looked it up on the gov.uk website and it says 6 years. I am using a 2023 textbook and I was thinking that maybe they changed this rule recently. Can you please let me know what are these periods. Thank you in advance for your help.

    December 30, 2024 at 9:18 am #714348
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    You say ‘I have just read that it is 3 years for a private company and 6 years for a public one’

    Can you let me know ‘where’ you have just read this?

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