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WAEC Financial Accounting 2015 Question 44

Question 44

Public Sector Accounting

The instrument used to release fund which the minister of finance had earlier withheld is

  1. A.reserve expenditure warrant.
  2. B.supplementary general warrant.
  3. C.provisional general warrant.
  4. D.supplementary statutory warrant.
Show the answer and explanation

Answer: A (reserve expenditure warrant.)

Explanation

Money held back in reserve is released with a reserve expenditure warrant.