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WAEC Financial Accounting 1998 Question 4

Question 4

Public Sector Accounting

The Accountant General disburses government fund by the use of

  1. A.a voucher
  2. B.a warrant
  3. C.an estimate
  4. D.a vote
  5. E.a provision.
Show the answer and explanation

Answer: B (a warrant)

Explanation

A warrant is the authority used to release public funds for spending.