Question

It shall statutory he the duty of the of every society to ensure the accuracy of the financial and other statements

• A. Secretary
• B. President
• C. Chief Accountant
• D. Managing Committee

Answer 1

Answer:

D. Managing Committee

It is the statutory duty of the Managing Committee of a society to ensure that all financial and other statements are accurate and prepared in accordance with the law and accounting standards. The Secretary and Chief Accountant assist in preparation. The President provides oversight. Ultimate responsibility lies with the Managing Committee.