WAEC Financial Accounting 1997 Question 19

Question 19

Public Sector Accounting

A financial plan of action expressed in monetary terms is known as

  1. A.imprest
  2. B.consolidated fund
  3. C.warrant
  4. D.budget
  5. E.development fund.
Show the answer and explanation

Answer: D (budget)

Explanation

A budget is a plan for a future period expressed in money.