The term financial year-end reconciliation primarily involves:

Type: MCQ • Marks: 1

A. Verifying balances and transactions before closing the financial records

B. Destroying old vouchers

C. Cancelling all institutional funds

D. Converting revenue expenditure into capital expenditure

Explanation

Year-end reconciliation ensures that recorded balances and actual financial positions are accurate.

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UPSC Principal & Vice Principal Management Finance Administration

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