Jamb Accounts - Principles of Accounts Questions
Question 476:
Debentures can be redeemed out of?
- A Existing share capital reserve
- B Existing general reserve
- C Proceeds from new issue of shares
- D Withholding tax
Question 477:
The expenses incurred in promoting a company are?
- A Promoters' expenses
- B Floating expenses
- C Preliminary expenses
- D The borad's expenses
Question 478:
Share premium is an example of?
- A Revenue reserve
- B Capital reserve
- C General reserve
- D Loan capital
Question 479:
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 480:
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