A Principal notices that several cheques issued from the institutional

Type: MCQ • Marks: 1

A Principal notices that several cheques issued from the institutional account remain unpresented for a long time The best response is:

A. Investigate and reconcile outstanding items according to prescribed procedures

B. Ignore them indefinitely

C. Destroy the cheque records

D. Treat all of them as expenditure without reconciliation

Explanation

Long-outstanding items can indicate errors, stale instruments or other financial irregularities.

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UPSC Principal & Vice Principal Management Finance Administration

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A Principal notices that several cheques issued from the institutional account remain unpresented for a long time The be...