The authority to transfer fund from one head to another within the same organization is…

Accounts - Principles of Accounts JAMB 2023

The authority to transfer fund from one head to another within the same organization is called

  • fund
  • warrant
  • vote
  • virement checkmark

The correct answer is: D

Explanation

Virement warrants is used to transfer fund from one vote head to another. It is used to create a new vote head but to transfer fund within the same economic head.

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