MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Consumer rights and responsibilities

is not requir...

Question

______ is not required to get mandatorly audited by a Chartered Accountant.

A

Small and medium corporate enterprises

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Sole Traders

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Multi product companies

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Banking companies

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Sole Traders
Sole proprietorship form of business is not required to get accounted by an auditor because it usually does not have as much data which is required to be audited. The scale of operations is not that large.

Suggest Corrections

thumbs-up

0

Similar questions

Q. _________is prohibited by statute to get its accounts audited by a qualified chartered accountant.

Q. A company is legally required to have its accounts audited annually by a_______________.

Q. Accounting Standards issued by the Institute of Chartered Accountants of India are mandatory to which of the following _______________.

Q. A Chartered Accountant who has purchased on credit goods worth Rs. 2,000 from a company (Z) Ltd. is _________.

Q. Which of the following may be appointed as the first auditor of the company? (i) A Chartered Accountant in practice (ii) A firm of Chartered Accountants in practice (iii) A limited liability partnership of Chartered Accountants in practice.
The options are ________________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Consumer Rights

CIVICS

Watch in App

explore_more_icon

Explore more

Consumer rights and responsibilities

Standard VII Civics

Join BYJU'S Learning Program

CrossIcon