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WAEC Financial Accounting 1993 Question 24

Question 24

Public Sector Accounting

The amount of individual items on a government budget is called

  1. A.a vote
  2. B.a deposit
  3. C.an investment
  4. D.a loan
  5. E.a grant.
Show the answer and explanation

Answer: A (a vote)

Explanation

Each amount approved for an item in the budget is a vote.