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ACCOUNT

JAMB 2023 - Question 31

Account 2023 JAMB Past Questions - Question 31: Which fund is used to meet unforeseen or urgent expenditure

Which fund is used to meet unforeseen or urgent expenditure

A: special fund

B: contigencies fund

C: general reserve fund

D: consolidated reserve fund

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Correct Answer

Explanation

Contigency fund is established by the constitution of 1979 to take care of any nation disaster or unforeseen circumstances.