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

Question 26:

• JAMB 2004

The budget statement presented to the legislature by the Chief Executive is called?

A. An appropriation act
B. A budget bill
C. An appropriation bill
D. A budget proposal

Question 27:

• JAMB 2004

The statement of assets and liabilities in the public sector can be described as the?

A. Income and expenditure accountof government
B. Appropriation account of government
C. Balance sheet of government
D. Funds flow statement of government

Question 28:

• JAMB 2005

The tier of government that uses financial memorandum is the?

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

Question 29:

• JAMB 2006

After receiving the financial statement the Auditor General of the Federation must submit a report to the National Assembly within?

A. 60 days
B. 30 days
C. 120 days
D. 90 days

Question 30:

• JAMB 2007

A pension granted to any past president or vice-president shall be charged to the?

A. Consilidation revenue fund
B. Special pension fund
C. Contingency fund
D. Development fund