Accounting JAMB

An increase in government expenditure within a year is taken care of by means of?

A. virement
B. financial regulations
C. supplementary estimate
D. warrant

Correct Answer:

Option C – supplementary estimate

Explanation

supplementary estimates mean a statement of unforeseen expenditure for a financial year presented by the Treasurer to the Legislative Assembly for the purpose of obtaining supplementary appropriation for that expenditure

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