Money not required to meet chargeable expenditure in any fiscal year under cash accounting, should…

Money not required to meet chargeable expenditure in any fiscal year under cash accounting, should be?
  • A.
    surrendered to the consolidated revenue fund
  • B.
    carried forward to the next financial year
  • C.
    reserved to meetany deficits or contingencies
  • D.
    returned to the taxpayer
Correct Answer: Option A
Explanation
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