Which fund is used to meet unforeseen or urgent... - JAMB Accounting 2017 Question
Which fund is used to meet unforeseen or urgent expenditure
A
General reserve fund
B
Consolidated Reserve Fund
C
contingencies fund
D
special fund
correct option: b
contingencies fund: if there is an urgent and unforeseen need for expenditure for which no other provision exist, such expenses shall be deducted from the contingencies fund
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