WAEC Accounting 2018 Objective — Question 50
Question 50 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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Below–the–line item in public sector accounting means such an item that is
- A. not budgeted for in the current fiscal year
- B. budgeted for in the current fiscal year
- C. to be carried forward to the next fiscal yearCorrect
- D. less than what is budgeted for
Explanation
A below-the-line item in public sector accounting refers to an item to be carried forward to the next fiscal year.
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