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Accounts - Principles of Accounts Past Questions

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696
Which of the following accounts for the highest revenue to Nigeria?
  • A. Import duties
  • B. Personal income tax
  • C. Petroleum income tax
  • D. Company tax
View Answer & Discuss JAMB 2011
697
If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would?
  • A. N500 000
  • B. N450 000
  • C. N550 000
  • D. N420 000
View Answer & Discuss JAMB 2011
698
Which of the following is a signatory to federal government account?
  • A. Auditor-General
  • B. Governor of Central Bank
  • C. Accountant-General
  • D. Persident
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699
The chief accounting officer of a local government is the?
  • A. Chairman
  • B. Treasurer
  • C. Director of personnel
  • D. Auditor
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700
Which of the following signs general warrant for the release of money from the consolidated revenue fund?
  • A. Minister of Finance
  • B. Chairman, Economic Advisory Committee
  • C. Permanent secretary
  • D. Minister of Economic Planning
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