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Which of the following is a source of local government revenue?

Accounts - Principles of Accounts
WAEC 2016

Which of the following is a source of local government revenue?

  • A. Excise duties
  • B. Market dues
  • C. Import duties
  • D. Loans and grants
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Correct Answer: Option B
Explanation

Local government revenue comes from property, sales, and other taxes; levies, dues, charges and fees; and transfers from federal and state governments.

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