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JAMB and WAEC Accounts (Principles of Accounts) questions: Public sector accounting

30 questions with answers and explanations. Tap an option to check yourself.

AllJAMBWAEC
All topicsAccounting concepts and conventions · 35Accounts of not-for-profit organisations · 29Accruals, prepayments and provisions · 34Bank reconciliation statements · 31Branch and departmental accounts · 29Company accounts · 33Control accounts · 30Depreciation of non-current assets · 34Double entry and the ledger · 38Final accounts of a sole trader · 39Incomplete records · 31Manufacturing accounts · 29Nature and purpose of accounting · 29Partnership accounts · 34Petty cash and the imprest system · 26Public sector accounting · 30Source documents and books of original entry · 30The cash book and discounts · 33The trial balance and errors · 35

  1. Question 21· Public sector accounting· WAEC

    The main aim of public sector accounting is

    Explanation and discussion

  2. Question 22· Public sector accounting· WAEC

    In Nigeria, all federal revenues are paid into the

    Explanation and discussion

  3. Question 23· Public sector accounting· WAEC

    A supplementary budget is passed when

    Explanation and discussion

  4. Question 24· Public sector accounting· JAMB

    Recurrent expenditure includes

    Explanation and discussion

  5. Question 25· Public sector accounting· JAMB

    The officer responsible for auditing the accounts of the Federal Government of Nigeria is the

    Explanation and discussion

  6. Question 26· Public sector accounting· WAEC

    The officer who controls spending in a ministry is the

    Explanation and discussion

  7. Question 27· Public sector accounting· JAMB

    Revenue collected by the Federal Government of Nigeria is paid into the

    Explanation and discussion

  8. Question 28· Public sector accounting· JAMB

    Public sector accounting differs from private sector accounting mainly because its main aim is

    Explanation and discussion

  9. Question 29· Public sector accounting· JAMB

    In Nigeria, the Appropriation Act for the federal budget is passed by the

    Explanation and discussion

  10. Question 30· Public sector accounting· WAEC

    The annual budget passed by the legislature becomes the

    Explanation and discussion

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