Question on: JAMB Accounting - 2024
In government accounting, money allocated to each head and sub-heads is referred to as
A
allocation
B
imprest
C
vote
D
float
Ask EduPadi AI for a detailed answer
Correct Option: C
The correct term is vote. In government accounting, a vote is the amount of money approved by the legislature for expenditure by a specific department or agency, broken down into heads and sub-heads. It represents the formal allocation of funds.
An imprest is a small amount of money used for petty expenses, while allocation and float do not refer to the legislated fund assignment.
Add your answer
Please share this, thanks!
No responses