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A financial plan of action expressed in monetary terms is known as

Accounts - Principles of Accounts
JAMB 2025

A financial plan of action expressed in monetary terms is known as

  • A. warrant
  • B. consolidated fund
  • C. imprest
  • D. budget
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Correct Answer: Option D
Explanation

A budget is a financial plan expressed in money or other units (like products or labor hours) for a specific period, usually one year, made in advance to guide business activities.

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WAEC offline past questions - with all answers and explanations in one app - Download for free
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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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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
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