Which of the following is the most appropriate approach when Sports Fund expenditure is funded partly by a restricted gr...
Type: MCQ • Marks: 1
Which of the following is the most appropriate approach when Sports Fund expenditure is funded partly by a restricted grant and partly by institutional resources?
Options
A. Maintain clear records identifying the source and permitted use of each component
B. Combine everything without records
C. Use restricted funds for any expenditure
D. Ignore the grant conditions
Explanation
Source-wise tracking prevents misuse and supports auditability.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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