WAEC Accounting 2015 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.
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The instrument used to release fund which the minister of finance had earlier withheld is
- A. a reserve expenditure warrantCorrect
- B. supplementary general warrant
- C. provisional general warrant
- D. supplementary statutory warrant
Explanation
A reserve expenditure warrant is the document used to release funds that were previously withheld by the minister of finance, allowing the funds to now be spent.
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