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

Question 41:

• JAMB 2010

The major function of accounting bodies in Nigeria is to?

A. Provide proper financial management of businesses
B. Provide good remuneration to the members
C. Promote the ethics of the profession
D. Show the dynamic nature of the profession

Question 42:

• JAMB 2010

The financial plan of the government for a year is contained in the?

A. Budget
B. Cash analysis book
C. Vote book
D. Gazette

Question 43:

• JAMB 2010

As evidence of payments to a government ministry, the revenue collectors will issue?

A. Treasury receipt
B. Receipts vourcher card
C. Treasury card
D. Stores receipts vourcher

Question 44:

• 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 45:

• 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