Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 831:

• JAMB 2011

The fund in which all government receipt are paid is?

A. Consolidated revenue fund
B. Development fund
C. Trust fund
D. Contingency fund

Question 832:

• JAMB 2011

Which of the following accounts for the highest revenue to Nigeria?

A. Import duties
B. Personal income tax
C. Petroleum income tax
D. Company tax

Question 833:

• JAMB 2011

If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would?

A. N500 000
B. N450 000
C. N550 000
D. N420 000

Question 834:

• JAMB 2011

Which of the following is a signatory to federal government account?

A. Auditor-General
B. Governor of Central Bank
C. Accountant-General
D. Persident

Question 835:

• JAMB 2011

The chief accounting officer of a local government is the?

A. Chairman
B. Treasurer
C. Director of personnel
D. Auditor