A school has 50 computers recorded in its asset register but physical

Type: MCQ • Marks: 1

A school has 50 computers recorded in its asset register but physical verification finds only 47 The first appropriate action is to:

A. Investigate the discrepancy and reconcile the physical and accounting records

B. Automatically write off three computers

C. Increase the depreciation rate

D. Ignore the difference

Explanation

Asset shortages require investigation, documentation and appropriate action under applicable rules.

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UPSC Principal & Vice Principal Management Finance Administration

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A school has 50 computers recorded in its asset register but physical verification finds only 47 The first appropriate a...