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JAMB Principles of Accounts 2003 Question 40

Question 40

Public Sector Accounting

Which of these is a capital expenditure warrant?

  1. A.Provisional general warrant
  2. B.Development fund general warrant
  3. C.Reserved expenditure general warrant
  4. D.Supplementary warrant
Show the answer and explanation

Answer: B (Development fund general warrant)

Explanation

Capital spending comes from the Development Fund, so it is authorised by a development fund general warrant.