Jamb Accounts - Principles of Accounts Questions
Question 41:
According to the provisions of the 1999 Constitution, all revenues generated by the Federal Government must be paid into the?
- A Consolidated Revenue Fund
- B Federation Account
- C Revenue Mobilization Allocation and Fiscal Commission's Account
- D Equalization Fund
Question 42:
The budget statement presented to the legislature by the Chief Executive is called?
- A An appropriation act
- B A budget bill
- C An appropriation bill
- D A budget proposal
Question 43:
The statement of assets and liabilities in the public sector can be described as the?
- A Income and expenditure accountof government
- B Appropriation account of government
- C Balance sheet of government
- D Funds flow statement of government
Question 44:
What is the value of the authorized share capital?
- A N500,000
- B N600,000
- C N750,000
- D N1, 200,000