Financial Statements may be rounded off to the nearest hundreds, thousands, lakhs or millions, or decimals thereof where the turnover of the company .........

CS Executive · Corporate and Management Accounting · PYQS · June 2023
Financial Statements may be rounded off to the nearest hundreds, thousands, lakhs or millions, or decimals thereof where the turnover of the company .........
(A) Less than one crore rupees
(B) Less than one hundred crore rupees
(C) One crore rupees or more
(D) One hundred crore rupees or more

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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

Related Questions in this Topic