JAMB - Accounts Principles Of Accounts (2024 - No. 10)
In government accounting, money allocated to each head and sub-heads is referred to as
allocation
imprest
vote
float
Explanation
In government budgeting, funds are authorized for spending through a voting process. Each government department or agency submits a budget request, which is then debated and approved (or voted on) by the legislature. The approved amounts for each department's programs and activities become the official votes that they can spend from.
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