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WAEC Accounting 2014 Objective — Question 37

Question 37 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.

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The primary classification of government expenditure is based on

  • A. programs
  • B. fundCorrect
  • C. activity
  • D. project

Explanation

Government expenditures are regarded as funds such as development fund, contingency fund, etc., forming the primary classification basis.

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