JAMB Accounting 2013 Objective — Question 50

Question 50 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

An instrument which allows public officers to increase expenditure within a year is

A. statutory allocation
B. Supplementary budget
C. virementCorrect
D. warrant

Explanation

Virement is a document that enables public officers to increase expenditure for the year out of what has already been budgeted for their office.

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