alleryStart learning →A private company needs an internal auditor if bank loans exceed:
ARs 25 crore
BRs 200 crore
CRs 100 crore
DRs 50 crore
Answer & Solution
Correct answer: C. Rs 100 crore
Rule 13(1)(c)(ii) uses outstanding loans or borrowings from banks or public financial institutions above Rs 100 crore.
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