LM Ltd. had obtained a Term Loan of rupees 300 lakhs from a bank for the construction of a factory. Since there was a delay in the construction activities, the said funds were temporarily invested in short term deposits. Under which clause of CARO 2016 the auditor is required to report - Study24x7
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LM Ltd. had obtained a Term Loan of rupees 300 lakhs from a bank for the construction of a factory. Since there was a delay in the construction activities, the said funds were temporarily invested in short term deposits. Under which clause of CARO 2016 the auditor is required to report

A

Under Clause (viii) of paragraph 3 of the CARO, 2016,

B

Under Clause (xi) of paragraph 3 of the CARO, 2016,

C

Under Clause (x) of paragraph 3 of the CARO, 2016,

D

Under Clause (ix) of paragraph 3 of the CARO, 2016,

MBA/Management CLAT/CE-Law Finance/CA
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