Which of the following is the most appropriate action when an imprest balance is found short during verification?

Type: MCQ • Marks: 1

A. Record the shortage, investigate the cause and take recovery/corrective action according to rules

B. Ignore it

C. Increase the imprest

D. Delete the cashbook entry

Explanation

A cash shortage is a control exception requiring investigation.

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UPSC Principal & Vice Principal Management Finance Administration

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