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Statement I: The accounts of every co-operative society shall be audited within one year of tile close of the financial year.

Statement II: The audit report of the accounts of an apex co-operative society shall be laid before the state legislature.

Codes:

A)  Both the statements are individually true and Statement II is the correct explanation of Statement I.

B)  Both the statements are individually true but Statement II is not the correct explanation of Statement I.

C)  Statement I is true but Statement II is false.

D)  Statement I is false but Statement II is true.