JAMB Accounts Principles of Accounts 2023 Paper

Concept: A provisional general warrant authorises spending before the formal budget bill is approved.Explanation:At the beginning of a financial year, the budget bill may not have been passed by the legislature.The government still needs funds for essential payments such as salaries and other services.Therefore, a provisional general warrant is issued to release funds for these expenses before the appropriate bill is approved.This warrant is normally valid for a limited period, often about four months, until the main budget is passed.Answer: D. provisional general warrant.