Every company specified in item (A) of rule 3 shall get its cost records audited in accordance with these rules, if the overall annual turnover of the company from all its products and services during the immediately pre

CS Executive · Corporate and Management Accounting · PYQS · December 2024
Every company specified in item (A) of rule 3 shall get its cost records audited in accordance with these rules, if the overall annual turnover of the company from all its products and services during the immediately preceding financial year is ............ And the aggregate turnover of the individual product or services for which cost records are required to be maintained under rule 3 is:
(A) fifty crore or less, twenty five crore or less
(B) fifty crore or more, twenty five crore or more
(C) one hundred crore or more, thirty five crore or more
(D) one hundred crore or less, thirty five crore or less

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost Audit

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