A Principal maintains a cash book but makes several entries weeks after the transactions occurred This practice primaril...

Type: MCQ • Marks: 1

A Principal maintains a cash book but makes several entries weeks after the transactions occurred This practice primarily increases the risk of:

A. Errors, omissions and manipulation

B. Better transparency

C. Faster reconciliation

D. Automatic audit compliance

Explanation

Delayed recording weakens the reliability of accounting records.

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

UPSC Principal & Vice Principal Management Finance Administration

This page is indexed for search so students can find questions directly from Google.

Welcome to TutorWale!