A Sports Fund has adequate money, but the proposed purchase is unnecessary because sufficient equipment already exists F...
Type: MCQ • Marks: 1
A Sports Fund has adequate money, but the proposed purchase is unnecessary because sufficient equipment already exists From the perspective of financial propriety, the Principal should:
Options
A. Avoid the expenditure unless a genuine institutional need is established
B. Purchase it because funds are available
C. Spend the balance before year-end
D. Purchase duplicate equipment to increase asset value
Explanation
Availability of funds does not itself justify expenditure. Necessity and economy are equally important.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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