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

Question 16:

• JAMB 2000

The channel through which all government borrowing and domestic lending transactions pass is called?

A. Special trust fund
B. Agency fund
C. National loan fund
D. Contingency fund

Question 17:

• JAMB 2000

Recurrent expenditure are expenses for the period not exceeding?

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

Question 18:

• JAMB 2001

The current growth in the volume of trading and financial dealings 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 19:

• JAMB 2001

The current growth in the volume of trading and financial dealings 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 20:

• JAMB 2001

The officer responsible for ascertaining whether all public expenditure and appropriation are in line with approved guidelines is the?

A. Acountant General
B. Auditor General
C. Finance Minister
D. Permanent Secretary