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

Accounts - Principles of Accounts
WAEC 2016

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

  • A. Budgeting
  • B. Allocation
  • C. Virement
  • D. Vote
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Correct Answer: Option C
Explanation

 virement is the transfer of money from one account to another or from one section of a budget to another.

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