Multiple choice

When the sellers sell the goods to government or public sector undertakings, the transaction is covered through

  1. bills discounting

  2. bills purchasing

  3. supply bills

  4. documentary bills

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A supply bill authorizes the expenditure of funds on government activities for the whole or part of the financial year. It is introduced by the government as part of parliament's involvement in the raising and spending of public funds.