Which of the following is the most appropriate method of correcting an accounting error in the cash book?

Type: MCQ • Marks: 1

A. Erase the original entry without trace

B. Follow the prescribed correction procedure while preserving an audit trail

C. Delete the page

D. Ignore it if the amount is small

Explanation

Financial records should be corrected transparently, not altered in a manner that conceals the original entry.

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UPSC Principal & Vice Principal Management Finance Administration

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