Public Sector Accounting - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 66:

• JAMB 2017

The current growth in the volume of trading and financial dealing in Nigeria is helped by

A. Increased financial activities
B. Government intervention
C. Credit as a factor in business
D. Payment for goods in cash

Question 67:

• JAMB 2017

Which of the following is used to service all operations of government?

A. Consolidated Revenue Fund
B. Consolidated Reserve Fund
C. Special Operational Fund
D. General-Reserve Fund

Question 68:

• JAMB 2017

The tier of government that uses financial memorandum

A. Federal government
B. State government
C. Local government
D. Municipal government

Question 69:

• JAMB 2017

An evidence of payment issued to a government ministry by a revenue collector is

A. Treasury receipt
B. Receipt voucher
C. Payment voucher
D. Treasury card

Question 70:

• JAMB 2018

The office responsible for ascertaining whether all public expenditures and appropriations are in line with approved guidelines is the________

A. Accountant general
B. Finance minister
C. Auditor general
D. Permanent secretory.