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The authority warrant issued prior to the approval of the appropriate bill at the begining...

Accounts - Principles of Accounts
JAMB 2023

The authority warrant issued prior to the approval of the appropriate bill at the begining of the year

  • A. contigencies
  • B. reserved expenditure warrant
  • C. annual general warrant
  • D. provisional general warrant
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Correct Answer: Option D
Explanation

Provisional general warrant is used to release fund for the payment of emolument and other services before the budget is approved. It will be in operation for four months.

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free