INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The account of both a private limited company and a public limited company must be audited by an auditor
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Every private limited company must compulsorily get their annual accounts audited each financial year as per the Act and Companies (Accounts) Rules, 2014.
Detailed explanation-2: -Hence, a public limited company needs get its accounts audited by the Chartered Accountant(CA) or to the persons who are eligible to act as auditors according to the Companies Act, 2013.
There is 1 question to complete.