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FM & Powers of PAOs Regulations, 2021
Reg 7 – Responsibilities
Beginner
Q
Under Regulation 7(1)(p), the PAO shall undertake reconciliation with accounting offices on ______ basis and furnish the reconciled statement to Finance Division on ______ basis.
AQuarterly; half-yearly
BWeekly; monthly
CMonthly; annual
DMonthly; quarterly
Correct Answer:
D. Monthly; quarterly
Explanation:
Reg 7(1)(p): reconcile monthly; reconciled statement to Finance Division quarterly, through the CFAO.