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WAEC Financial Accounting 2023 Question 17

Question 17

Public Sector Accounting

The allocation of funds from treasury to accounting heads in public sector is

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

Answer: B (vote.)

Explanation

The amount approved for each head or sub-head of expenditure is called a vote.