Questions and Answers
What does sector 'A' represent in the Consolidated Fund?
Which major head of account is associated with the Irrigation and Water Ways Department under sector 'C'?
What sub-sector is indicated by 'g' under sector 'B'?
Which sector is referred to by the capital letter 'C'?
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Which department's sector 'A' sub-sector corresponds to 'd'?
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What is the representation of the Economic Services sector in the classification system?
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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.
