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JAMB Principles of Accounts 2011 Question 50

Question 50

Public Sector Accounting

Which of the following signs general warrant for the release of money from the consolidated revenue fund?

  1. A.Minister of Finance.
  2. B.Chairman, Economic Advisory Committee
  3. C.Permanent secretary.
  4. D.Minister of Economic Planning
Show the answer and explanation

Answer: A (Minister of Finance.)

Explanation

The Minister of Finance signs the general warrant that releases money from the fund.