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WAEC Financial Accounting 2022 Question 44

Question 44

Public Sector Accounting

The authority to incur expenditure to address natural disaster is contained in

  1. A.virement warrant
  2. B.reserved expenditure warrant
  3. C.supplementary general warrant
  4. D.contingency warrant
Show the answer and explanation

Answer: D (contingency warrant)

Explanation

A contingency warrant releases money for urgent, unforeseen needs such as disasters.