The financial plan of the government for a year is contained in the

Assessment: WAEC SSCE - Financial Accounting - 1995 (Objective) Subject: Financial Accounting

Question 1 Report

The financial plan of the government for a year is contained in the
Answer Details
The financial plan of the government for a year is contained in the budget. A budget is a detailed plan of income and expenses that the government projects for a specific period, typically a year. It outlines the government's expected revenues and expenses, as well as any borrowing or other financial activities that will occur during the period. The budget provides a blueprint for the government to allocate resources to different sectors and prioritize spending based on national goals and objectives.
Read lesson note on Public Sector Accounting (JAMB)
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