JAMB Accounting 2016 Objective — Question 4

Question 4 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2016 Objective paper, with the correct answer and a full explanation.

4. An increase in government expenditure within a year is taken care of by means of (a) virement (b) supplementary estimate (c) warrant (d) financial regulations

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

Explanation

Supplementary estimate is used to adjust for increment in government budget within a year.

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