NECO Accounting 2023 Objective — Question 17
Question 17 of 50 from the National Examinations Council (NECO) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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The allocation of funds from treasury to accounting heads in public sector is (a) float (b) vote (c) virement (d) budget
- A. float
- B. voteCorrect
- C. virement
- D. budget
Explanation
A vote is the legal authorisation by the legislature that allows the treasury to release/allocate funds to accounting heads.
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