For income under Rs 100 crore, which rounding units apply?
ANearest crore or ten crores only
BHundreds, thousands, lakhs or millions
CNearest rupee or paisa value only
DNearest billion or trillion units
Answer & Solution
Correct answer: B. Hundreds, thousands, lakhs or millions
Companies with total income under Rs 100 crore may round to hundreds, thousands, lakhs or millions, or decimals of these.
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