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

Question 31:

• JAMB 2007

The federal government approved N140m to local governments W, X, Y and Z. The amount is to be shared on the basis of 40% equality, 35% population and 25% internal revenue generation. Calculate the share of local government W on equality?

A. N35m
B. N14m
C. N56m
D. N28m

Question 32:

• JAMB 2008

A source of revenue that is compulsory payment without any derived benefit is?

A. Fees
B. Taxes
C. Fines
D. Royalties

Question 33:

• JAMB 2008

The salary of the chief Justice of the Federation is paid from the?

A. Consolidated revenue fund
B. Development fund
C. Contigency fund
D. Special fund

Question 34:

• JAMB 2008

Which of the following is among the categories of government cash book?

A. Receipt cash book
B. Payment cash book
C. Petty cash book
D. Treasury cash book

Question 35:

• JAMB 2008

The Auditor General of the Federation can be removed by the?

A. National Assembly
B. Chief Justice
C. The president
D. Head of Service