Start learning →

Besides turnover, audit becomes compulsory when partners' contribution exceeds what?

ARs 5 lakh
BRs 10 lakh
CRs 25 lakh
DRs 50 lakh
Answer & Solution
Correct answer: C. Rs 25 lakh
A contribution by partners above Rs 25 lakh also triggers a compulsory audit.
Practise this question with Quill — CA Foundation →

Keep practising The Limited Liability Partnership Act 2008

Browse all The Limited Liability Partnership Act 2008 questions for CA Foundation, or explore more Businesslaw topics.

Start a The Limited Liability Partnership Act 2008 lesson →
Related questions