For accounts prepared on cash basis, in respect of gross receipts/expenditure, materiality percentage would be

For very sensitive accounts - 2 %, sensitive accounts - 5% and non sensitive accounts - 8%

For very sensitive accounts - 1 %, sensitive accounts - 1% to 2% and non sensitive accounts - 5%

For very sensitive accounts - 1/2 %, sensitive accounts - 1/2% to 2% and non sensitive accounts - 2%

For accounts prepared on cash basis, in respect of gross receipts/expe

1.	For accounts prepared on cash basis, in respect of gross receipts/expenditure, materiality percentage would be
A.	For very sensitive accounts - 1 %, sensitive accounts - 1% to 2% and non sensitive accounts - 5%
B.	For very sensitive accounts - 1/2 %, sensitive accounts - 1/2% to 2% and non sensitive accounts - 2%
C.	For very sensitive accounts - 2 %, sensitive accounts - 5% and non sensitive accounts - 8%
D.	none of these
Answer» C. For very sensitive accounts - 2 %, sensitive accounts - 5% and non sensitive accounts - 8%