WAEC Financial Accounting 1996 Question 45

Question 45

Public Sector Accounting

Which of the following is used before the appropriation bill is approved?

  1. A.Supplementary general warrant
  2. B.Provisional general warrant
  3. C.Reserved expenditure warrant
  4. D.Virement warrant
  5. E.Supplementary statutory expenditure warrant.
Show the answer and explanation

Answer: B (Provisional general warrant)

Explanation

A provisional general warrant lets government spend for a limited period before the appropriation bill is passed.