A Principal wants to improve financial administration of school instit

Type: MCQ • Marks: 1

A Principal wants to improve financial administration of school institutional funds Which combination is most appropriate?

A. Clear authority + authorised account + budget control + vouchers + segregation of duties + reconciliation + periodic audit

B. One-person control + cash payments + no records

C. Personal custody + verbal approvals

D. Unrestricted spending + annual review only

Explanation

Strong financial administration requires preventive, detective and corrective controls.

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UPSC Principal & Vice Principal Management Finance Administration

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A Principal wants to improve financial administration of school institutional funds Which combination is most appropriat...