Question on: JAMB Accounting - 2023
The authority warrant issued prior to the approval of the appropriate bill at the begining of the year
A
contigencies
B
reserved expenditure warrant
C
annual general warrant
D
provisional general warrant
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Correct Option: D
A provisional general warrant is an authority issued before the approval of the appropriate bill at the beginning of the year. It allows for spending until the formal approval of the budget or bill, typically in situations where there might be a delay in passing the budget for the year. This provisional warrant enables essential expenditures to continue until the budget is officially approved.
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