Jamb Accounts - Principles of Accounts Questions - The Treasurer of local government
Question 1:
Capital and revenue expenditures of government are usually accounted for under funds which include?
View Answer & ExplanationQuestion 2:
The accumulation fund of a non-trading concern can equally be referred to as?
View Answer & ExplanationQuestion 3:
Given:
(i) the consolidation revenue fund balance b/d..N650 000
(ii) issue from contingency fund amount to......N240 000
(iii) amount transferred to contingency fund is.N210 000
What is the consolidation revenue fund balance?
View Answer & Explanation(i) the consolidation revenue fund balance b/d..N650 000
(ii) issue from contingency fund amount to......N240 000
(iii) amount transferred to contingency fund is.N210 000
What is the consolidation revenue fund balance?
Question 5:
Which of the following is credited to the consolidated revenue fund?
View Answer & Explanation