Question on: JAMB Accounting - 2022
The authority warrant issued prior to the approval of the appropriate bill at the begining of the year
contigencies
reserved expenditure warrant
annual general warrant
provisional general warrant
The authority warrant issued prior to the approval of the appropriate bill at the beginning of the year is known as a provisional general warrant.
A provisional general warrant allows for the expenditure of funds before the approval of the formal budget or appropriate bill. It is a temporary authorization that ensures essential expenses can be covered before the official budget is passed or approved. This helps in facilitating the smooth functioning of government operations, particularly in situations where a delay in budget approval might hinder essential activities.
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