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

Question 76:

• JAMB 2019

The instrument isued by the Minister who authorized an officer to incure expenditure is a/an

A. Warrant
B. Budget
C. Imprest
D. Consolidated fund

Question 77:

• JAMB 2021

Recurrent expenditures are expenses for the period not exceeding

A. 10years
B. 2years
C. 5years
D. 1year

Question 78:

• JAMB 2021

Capital and revenue expenditures of government are usually accounted for under funds which include

A. Technical, special trust and commercial funds
B. Personal advances, technical and public funds
C. Personal advances, treasury clearance and special trust funds
D. Commercial loans and treasury clearance funds