JAMB - Accounts Principles Of Accounts (2025 - No. 7)
Below-the-line item in public sector accounting means such an item is
less than what is budgeted for
not budgeted for in the current fiscal year
to be carried forward to the next fiscal year
budgeted for in the current fiscal year
Explanation
A below-the-line item in public sector accounting refers to an item that is not budgeted for in the current fiscal year. Such items are not included in the main budget and usually arise from unexpected or unplanned expenses.
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