alleryStart learning →Showing amounts in crores is acceptable if the entity does what?
AShows exact amounts as well
BRestates in lakhs next year
CDiscloses the level of rounding
DGets regulator consent
Answer & Solution
Correct answer: C. Discloses the level of rounding
Rounding to lakhs or crores is fine if the level of rounding is disclosed and material information is not omitted.
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