If the turnover of a company is Rs. Hundred crore or more then these companies can round off:

CS Executive · Corporate and Management Accounting · PYQS · June 2024
If the turnover of a company is Rs. Hundred crore or more then these companies can round off:
(A) To the nearest tens, hundreds, thousands, lakhs or millions, or decimals thereof
(B) To the nearest hundreds, thousands, lakhs or millions, or decimals thereof
(C) To the nearest lakhs, millions or crores, or decimals thereof
(D) To the nearest millions or crores, or decimals thereof

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Corporate Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic