Overview of Accounts Sectors & Sub-sectors
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Questions and Answers

What does sector 'A' represent in the Consolidated Fund?

  • Administrative Services
  • Social and Community Services
  • General Services (correct)
  • Economic Services

Which major head of account is associated with the Irrigation and Water Ways Department under sector 'C'?

  • 3451 (correct)
  • 1234
  • 2235
  • 2056

What sub-sector is indicated by 'g' under sector 'B'?

  • Public Safety
  • Community Development
  • Social Welfare & Nutrition (correct)
  • Environmental Protection

Which sector is referred to by the capital letter 'C'?

<p>Economic Services (C)</p> Signup and view all the answers

Which department's sector 'A' sub-sector corresponds to 'd'?

<p>Correctional Administration Department (D)</p> Signup and view all the answers

What is the representation of the Economic Services sector in the classification system?

<p>C (A)</p> Signup and view all the answers

Study Notes

Overview of Sectors & Sub Sectors of Accounts

  • Transactions within the Consolidated Fund are categorized into Sectors, represented by capital letters A, B, C, etc.
  • Each Sector corresponds to a major category of services:
    • A for General Services
    • B for Social and Community Services
    • C for Economic Services

Sub-divisions of Sectors

  • Sectors can be further subdivided into sub-sectors, indicated by lowercase letters a, b, c, etc.
  • Each sub-sector leads to Major Heads of Accounts, which detail financial transactions specific to that category.

Examples of Sector and Sub-sector Classification

  • Irrigation and Water Ways Department

    • Sector C: Economic Services
    • Sub-sector j: General Economic Services
    • Major Head of Account: 3451
  • I & CA Department

    • Sector B: Social and Community Services
    • Sub-sector g: Social Welfare & Nutrition
    • Major Head of Accounts: 2235
  • Correctional Administration Department

    • Sector A: General Services
    • Sub-sector d: Administrative Services
    • Major Head of Accounts: 2056

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Description

This quiz explores the classification of financial transactions within the Consolidated Fund into different Sectors and Sub-sectors. Each Sector, represented by a capital letter, corresponds to major service categories, while Sub-sectors indicate specific services. Test your knowledge of these classifications and their examples.

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