Correct Answer is : Paid up capital is 50 Lakh or more but upto 5 crore and turnover as per last P & L is 2 crore or more but upto 20 crore

Paid up capital is 2 crore or more but upto 20 crore and turnover as per last P & L is 50 Lakh or more but upto 5 crore

Paid up capital is 5 crore or more but upto 20 crore and turnover as per last P & L is 1 crore or more but upto 5 crore

Paid up capital is 50 Lakh or more but upto 5 crore and turnover as per last P & L is 2 crore or more but upto 20 crore

Paid up capital is 20 Lakh or more but upto 2 crore and turnover as per last P & L is 1 crore or more but upto 10 crore

CA CPT Model Test Paper 1 with solutions for online practice

Question : 58 of 201

Marks: +1, -0

Small company means:

Paid up capital is 2 crore or more but upto 20 crore and turnover as per last P & L is 50 Lakh or more but upto 5 crore
Paid up capital is 5 crore or more but upto 20 crore and turnover as per last P & L is 1 crore or more but upto 5 crore
Paid up capital is 50 Lakh or more but upto 5 crore and turnover as per last P & L is 2 crore or more but upto 20 crore
Paid up capital is 20 Lakh or more but upto 2 crore and turnover as per last P & L is 1 crore or more but upto 10 crore

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