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JAMB Principles of Accounts 2010 Question 49

Question 49

Public Sector Accounting

An increase in government expenditure within a year is taken care of by means of

  1. A.financial regulations
  2. B.virement
  3. C.warrant
  4. D.supplementary estimate.
Show the answer and explanation

Answer: D (supplementary estimate.)

Explanation

Extra spending not in the approved budget needs a supplementary estimate (budget).