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WAEC Financial Accounting 2025 Question 44

Question 44

Public Sector Accounting

The document which contains monies allocated in public sector is

  1. A.budget.
  2. B.cash book.
  3. C.voucher.
  4. D.warrant.
Show the answer and explanation

Answer: A (budget.)

Explanation

The budget (appropriation) sets out the money allocated to each head of government spending.