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Below-the-line item in public sector accounting means such an item is

Accounts - Principles of Accounts
JAMB 2025

Below-the-line item in public sector accounting means such an item is

  • A. less than what is budgeted for
  • B. not budgeted for in the current fiscal year
  • C. to be carried forward to the next fiscal year
  • D. budgeted for in the current fiscal year
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Correct Answer: Option B
Explanation

A below-the-line item in public sector accounting refers to an item that is not budgeted for in the current fiscal year. Such items are not included in the main budget and usually arise from unexpected or unplanned expenses.


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