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JAMB Principles of Accounts 1994 Question 50

Question 50

Public Sector Accounting

The amount for individual items on a government budget is called a

  1. A.vote
  2. B.deposit
  3. C.loan
  4. D.grant.
Show the answer and explanation

Answer: A (vote)

Explanation

Each amount approved for a particular item of government spending in the budget is called a vote.