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Ifedapo Local Council has the following details for 2008   # Fines 5000 Allocation from state...

Accounts - Principles of Accounts
JAMB 2024

Ifedapo Local Council has the following details for 2008

  #
Fines 5000

Allocation from state government

 20000

Tenement rates

 10000

Licences

 12000

Hospital beds

 8000

Ambulance

 13000

Salaries

 15000

Vehicles fueling

 7000

The Local Council's revenue for 2008 was

  • A. #47,000
  • B. #37,000
  • C. #42,000
  • D. #27,000
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Correct Answer: Option A
Explanation

Fines: #5,000
Allocation from state government: #20,000
Tenement rates: #10,000
Licences: #12,000
Total Revenue: # 5,000 + # 20,000 + #10,000 + #12,000 = #47,000

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