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Capital and revenue expenditures of government are usually accounted for under funds which include

Accounts - Principles of Accounts
JAMB 2021

Capital and revenue expenditures of government are usually accounted for under funds which include

  • A. technical, special trust and commercial funds
  • B. personal advances, technical and public funds
  • C. personal advances, treasury clearance and special trust funds
  • D. commercial loans and treasury clearance funds
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Correct Answer: Option B
Explanation
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995