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WAEC Financial Accounting 1999 Question 12

Question 12

Public Sector Accounting

The vote book in governmental accounting is used to

  1. A.register the name of voters
  2. B.control expenditure
  3. C.record government revenue
  4. D.record taxes paid.
Show the answer and explanation

Answer: B (control expenditure)

Explanation

The vote book records commitments against each vote so that spending does not exceed the approved amount.