A company specified in item (A) of Rule 3 of the Companies (Cost Records and Audit) Rules, 2014 shall get its current year cost records audited when the overall annual turnover of the company from all its products and se

CS Executive · Corporate and Management Accounting · PYQS · December 2022
A company specified in item (A) of Rule 3 of the Companies (Cost Records and Audit) Rules, 2014 shall get its current year cost records audited when the overall annual turnover of the company from all its products and services during the immediately preceding financial year is :
(A) ₹25 crores or more
(B) ₹35 crores or more
(C) ₹50 crores or more
(D) ₹100 crores or more

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost Accounting

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