''Below the line'' item in public sector accounting means such an item is--------

  • A not budgeted for in the current fiscal year
  • B less than what is budgeted for
  • C budgeted for in the current fiscal year
  • D to be carried forward to the next fiscal year
waec 2018accounting

The correct answer is A. not budgeted for in the current fiscal year

In public sector accounting, an item categorized as ''below the line'' is an income or expense in accounting which have no noticeable effect on company profits in the current period.

It means the item does not affect the profit or loss from normal operations for that accounting period.

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