Interest Calculation

A Government office discovers that interest has been undercharged for several months due to a computational error The ap...

Type: MCQ • Marks: 1
A Government office discovers that interest has been undercharged for several months due to a computational error The appropriate approach is generally to:
Options
A. Identify and correct the error according to applicable rules and record the adjustment
B. Conceal the error
C. Destroy the calculation sheets
D. Automatically waive the difference
Explanation
Errors in public financial transactions should be transparently corrected through authorised procedures.
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UPSC Principal & Vice Principal Management Finance Administration

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