Accounting · General Financial and Accounts Rules
According to the General Financial and Accounts Rules (GF&AR), which of the following statements is true?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Non-Government Money shall not be mixed with Government Money.✓
- 2Duplicate keys must be kept in a Bank locker.
- 3Cash balances should be verified only once in a financial year.
- 4A duplicate receipt can be issued if the original one is lost.
Correct answer
Non-Government Money shall not be mixed with Government Money.
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