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WAEC Financial Accounting 2016 Question 41

Question 41

Public Sector Accounting

The transfer of money from one sub-head to another in the public sector is

  1. A.budgeting.
  2. B.allocation.
  3. C.virement.
  4. D.vote.
Show the answer and explanation

Answer: C (virement.)

Explanation

Moving money between sub-heads of a vote is called virement.