Pick the bigger business threshold

Exercise and reference answers

Questions

1. A

   Public company minimum

   B

   Private company minimum

   Higher value

   Public company minimum

2. A

   Private member cap

   B

   Partners a firm may have

   Higher value

   Private member cap

3. A

   Micro turnover limit

   B

   Small turnover limit

   Higher value

   Small turnover limit

4. A

   LLP audit turnover trigger

   B

   LLP contribution trigger

   Higher value

   LLP audit turnover trigger

5. A

   Micro plant and machinery

   B

   Medium plant and machinery

   Higher value

   Medium plant and machinery

6. A

   Section 464 ceiling

   B

   Rule 10 notified cap

   Higher value

   Section 464 ceiling

Instructions

Tap the entry carrying the bigger number in each pair of company and enterprise limits.

Explanation