WAEC Accounting 2016 Objective — Question 41
Question 41 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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41. The transfer of money from one sub-head to another in the public sector is A. budgeting B. allocation C. retirement D. virement
- A. budgeting
- B. allocation
- C. retirement
- D. virementCorrect
Explanation
Virement is the document used to transfer money from one sub-head to another sub-head in the public sector.
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