WAEC Accounting 2014 Objective — Question 46
Question 46 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 document prepared by a local/district government to present its annual estimates for a planning period is
- A. a balance sheet
- B. a budgetCorrect
- C. an income and expenditure account
- D. a cash book
Explanation
A budget is the document that spells out the expenses and revenue estimates for a local/district government for a planning period.
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