A Company shall disclose by way of notes, additional information regarding aggregate expenditure and income on any item of income or expenditure which exceeds :

CS Executive · Corporate and Management Accounting · PYQS · December 2020
A Company shall disclose by way of notes, additional information regarding aggregate expenditure and income on any item of income or expenditure which exceeds :
(A) 1% of the revenue from operations or ₹1,00,000, whichever is higher
(B) 1% of the revenue from operations or ₹1,00,000, whichever is lower
(C) 1% of the revenue from operations or ₹10,00,000, whichever is higher
(D) 1% of the revenue from operations or ₹10,00,000, whichever is lower

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Accounting

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