A Sports Fund expenditure is ₹18,500 The supporting invoice is ₹20,000, and ₹1,500 was returned to the supplier
Type: MCQ • Marks: 1
A Sports Fund expenditure is ₹18,500 The supporting invoice is ₹20,000, and ₹1,500 was returned to the supplier
Options
A. 20000
B. 18500
C. 21500
D. 1500
Explanation
The actual authorised expenditure, supported by appropriate records, should be accounted for rather than the gross invoice amount when a valid adjustment/refund exists.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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