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

Accounts - Principles of Accounts
WAEC 2023

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

  • A. float
  • B. vote
  • C. virement
  • D. budget
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Correct Answer: Option B
Explanation

When fund is allocated to a head, it is referred to as vote. Vote is the amount for individual items on a government budget.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group