Introductory Quiz

The following two questions relates to the practice of managing the School’s money. All schools are to follow the approved School’s Budget when money is procured for the payment of goods and services.

 

1

Definition of virement – the process of transferring items from one financial account to another. – True or false

2

Is the Shifting of Budget the same as virements. – Yes or No

3

Choose the correct statement regarding virements