AdmitMe
All subjects

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 1· Public sector accounting· WAEC

    In public sector accounting, a warrant authorises

    Explanation and discussion

  2. Question 2· Public sector accounting· JAMB

    A supplementary appropriation is passed when

    Explanation and discussion

  3. Question 3· Public sector accounting· JAMB

    The Accountant-General of the Federation is responsible for

    Explanation and discussion

  4. Question 4· Public sector accounting· JAMB

    The Fiscal Responsibility Act 2007 aims mainly to

    Explanation and discussion

  5. Question 5· Public sector accounting· JAMB

    Government's estimate of revenue and expenditure for a year is the

    Explanation and discussion

  6. Question 6· Public sector accounting· WAEC

    The Consolidated Revenue Fund is

    Explanation and discussion

  7. Question 7· Public sector accounting· WAEC

    Public sector accounting differs from private sector accounting because it

    Explanation and discussion

  8. Question 8· Public sector accounting· WAEC

    The Auditor-General for the Federation audits

    Explanation and discussion

  9. Question 9· Public sector accounting· WAEC

    Government accounting mainly uses the

    Explanation and discussion

  10. Question 10· Public sector accounting· WAEC

    Government revenue is paid into a single Treasury account under the policy known as

    Explanation and discussion

  11. Question 11· Public sector accounting· JAMB

    The transfer of savings from one expenditure head to another with approval is called

    Explanation and discussion

  12. Question 12· Public sector accounting· JAMB

    The International Public Sector Accounting Standards adopted by Nigeria require government accounts to be prepared on

    Explanation and discussion

  13. Question 13· Public sector accounting· JAMB

    Capital expenditure in a government budget is spent on

    Explanation and discussion

  14. Question 14· Public sector accounting· WAEC

    A government's estimate of its revenue and expenditure for a year is the

    Explanation and discussion

  15. Question 15· Public sector accounting· JAMB

    The document that authorises government ministries to spend approved funds is the

    Explanation and discussion

  16. Question 16· Public sector accounting· JAMB

    Capital expenditure by government includes

    Explanation and discussion

  17. Question 17· Public sector accounting· JAMB

    The document that authorises the release of funds after the Appropriation Act has been passed is the

    Explanation and discussion

  18. Question 18· Public sector accounting· WAEC

    The officer responsible for auditing federal government accounts is the

    Explanation and discussion

  19. Question 19· Public sector accounting· JAMB

    The main source of revenue for most state governments in Nigeria is

    Explanation and discussion

  20. Question 20· Public sector accounting· WAEC

    The Auditor-General audits

    Explanation and discussion

Practise Accounts (Principles of Accounts) like the real exam. A timed CBT, your score, and the topics to fix.

Start a Accounts (Principles of Accounts) test