Which of the following signs general warrant for the release of money from the consolidated revenue fund?

Assessment: JAMB UTME - Principles of Accounts - 2011 Subject: Financial Accounting

Question 1 Report

Which of the following signs general warrant for the release of money from the consolidated revenue fund?
Answer Details
The Minister of Finance is the official who signs general warrant for the release of money from the consolidated revenue fund. The Minister of Finance is the custodian of government's financial resources and is responsible for the overall management and control of the financial affairs of the government. As such, he or she has the authority to authorize the release of funds from the consolidated revenue fund in accordance with the provisions of the Appropriation Act or other relevant laws.
Read lesson note on Nature And Significance Of Accounting (JAMB)
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