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The document prepared by a local/district government to present its annual estimates for a planning...

Accounts - Principles of Accounts
WAEC 2014

The document prepared by a local/district government to present its annual estimates for a planning period is

  • A. a balance sheet
  • B. a budget
  • C. an income and expendiure account
  • D. a cash bppk
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Correct Answer: Option B
Explanation

A budget is an estimation of revenue and expenses over a specified future period of time; it is compiled and re-evaluated on a periodic basis.

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