Which of the following best illustrates financial discipline at the sc

Type: MCQ • Marks: 1

Which of the following best illustrates financial discipline at the school level?

A. Maintaining budget control, procurement records, asset registers, vouchers, reconciliations and audit compliance

B. Spending all funds before the financial year ends

C. Avoiding procurement records

D. Delegating all financial responsibility without oversight

Explanation

Financial discipline depends on planning, authorisation, documentation, internal control and accountability.

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UPSC Principal & Vice Principal Management Finance Administration

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Which of the following best illustrates financial discipline at the school level?