The procedure for utilizing the savings from one sub-head of expenditure to pay for another under the same head is

Answer Details

The procedure for utilizing the savings from one sub-head of expenditure to pay for another under the same head is called "virement." It is a process by which funds allocated for one purpose can be transferred to another purpose within the same head of expenditure. This is often done to adjust budgets and make sure that funds are being allocated appropriately. Virement can help organizations to use their resources more efficiently and to respond quickly to changing circumstances. It is an important tool for financial management and budgeting.