Every company specified in item (A) of Rule 3 of the Companies (Cost Records and Audit) Rules, 2014 shall get its cost records audited if the overall turnover of the company from all its products and services during the

CS Executive · Corporate and Management Accounting · PYQS · December 2023
Every company specified in item (A) of Rule 3 of the Companies (Cost Records and Audit) Rules, 2014 shall get its cost records audited if the overall turnover of the company from all its products and services during the immediately preceding financial year is:
(A) ₹ 50 crores
(B) More than ₹ 50 crores
(C) ₹ 50 crores or more
(D) More than ₹ 100 crores

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Management Accounting

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