Impress and Institutional Funds

Which of the following is a fundamental principle of cash-book maintenance?

Type: MCQ • Marks: 1
Which of the following is a fundamental principle of cash-book maintenance?
Options
A. Entries should be made promptly and supported by appropriate documentary evidence
B. Entries may be made from memory at year-end
C. Corrections should be made secretly
D. Supporting documents are unnecessary for small transactions
Explanation
Timely and properly supported entries strengthen the audit trail and prevent manipulation.
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UPSC Principal & Vice Principal Management Finance Administration

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