The amount of individual items on a government budget is called

Assessment: JAMB UTME - Principles of Accounts - 1994 Subject: Financial Accounting

Question 1 Report

The amount of individual items on a government budget is called
Answer Details
The amount of individual items on a government budget is called a vote. - In government budgeting, a vote refers to the amount of money allocated for a specific item or expenditure in the budget. - Each item in the budget is usually given a separate vote, which represents the total amount of money allocated for that particular item. - For example, if a government allocates a certain amount of money for education, that amount will be given a separate vote, and it will represent the total amount of money allocated for education in the budget. - The votes in a government budget are usually presented in a tabular form, with each vote itemized and its corresponding amount specified. - Therefore, in government budgeting, a vote refers to the amount of money allocated for a specific item or expenditure in the budget.
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