Question

write brief note on contingency fund​

Answer 1

ʜᴏʟʟᴀ✌✌

• ᴄᴏɴᴛɪɴɢᴇɴᴄʏ ғᴜɴᴅ ɪs ᴄʀᴇᴀᴛᴇᴅ ᴀs ᴀɴ ɪᴍᴘʀᴇsᴛ ᴀᴄᴄᴏᴜɴᴛ ᴛᴏ ᴍᴇᴇᴛ sᴏᴍᴇ ᴜʀɢᴇɴᴛ ᴏʀ ᴜɴғᴏʀᴇsᴇᴇɴ ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ᴏғ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ. ... ᴀɴʏ ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ɪɴᴄᴜʀʀᴇᴅ ғʀᴏᴍ ᴛʜɪs ғᴜɴᴅ ʀᴇǫᴜɪʀᴇs ᴀ sᴜʙsᴇǫᴜᴇɴᴛ ᴀᴘᴘʀᴏᴠᴀʟ ғʀᴏᴍ ᴛʜᴇ ᴘᴀʀʟɪᴀᴍᴇɴᴛ ᴀɴᴅ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴡɪᴛʜᴅʀᴀᴡɴ ɪs ʀᴇᴛᴜʀɴᴇᴅ ᴛᴏ ᴛʜᴇ ғᴜɴᴅ ғʀᴏᴍ ᴛʜᴇ ᴄᴏɴsᴏʟɪᴅᴀᴛᴇᴅ ғᴜɴᴅ....♡

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@ᴠᴀᴍᴘɪʀᴇ98❣️☺

Answer 2

Answer:

Contingency Fund is created as an imprest account to meet some urgent or unforeseen expenditure of the government.

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