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WAEC Financial Accounting 1995 Question 22

Question 22

Public Sector Accounting

The financial plan of the government for a year is contained in the

  1. A.vote book
  2. B.cash analysis book
  3. C.budget
  4. D.general order
  5. E.gazette.
Show the answer and explanation

Answer: C (budget)

Explanation

The budget sets out the government's planned income and spending for the year.