Practicing Success
Which is true in respect of preparation of financial statements as prescribed under the Schedule III of Companies Act 2013? |
Rounding off of figures to be reported in the financial statements is based on the turnover during the year. If, Turnover < Rs.100 crore: Nearest hundreds, thousands, lakhs or millions or decimal thereof; If Turnover > Rs.100 crore: Nearest lakhs or millions or decimal thereof; All of the above |
All of the above |
Rounding off figures that are to be reported in the financial statements is based on the size of turnover: |