A Principal proposes to increase the depreciation rate solely to show

Type: MCQ • Marks: 1

A Principal proposes to increase the depreciation rate solely to show lower institutional surplus This is:

A. Appropriate financial management

B. Improper manipulation unless supported by the applicable accounting basis and justified estimates

C. Mandatory every year

D. Required for all assets

Explanation

Depreciation rates and estimates must have a legitimate accounting basis and cannot be manipulated merely to influence reported results.

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

UPSC Principal & Vice Principal Management Finance Administration

This page is indexed for search so students can find questions directly from Google.

A Principal proposes to increase the depreciation rate solely to show lower institutional surplus This is: