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Accounts - Principles of Accounts Past Questions

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391
The expenses incurred in promoting a company are?
  • A. promoters' expenses
  • B. floating expenses
  • C. preliminary expenses
  • D. the borad's expenses
View Answer & Discuss JAMB 2004
392
Share premium is an example of?
  • A. revenue reserve
  • B. capital reserve
  • C. general reserve
  • D. loan capital
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393
According to the provisions of the 1999 Constitution, all revenues generated by the Federal Government must be paid into the?
  • A. Consolidated Revenue Fund
  • B. Federation Account
  • C. Revenue Mobilization Allocation and Fiscal Commission's Account
  • D. Equalization Fund
View Answer & Discuss JAMB 2004
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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394
The budget statement presented to the legislature by the Chief Executive is called?
  • A. an appropriation act
  • B. a budget bill
  • C. an appropriation bill
  • D. a budget proposal
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395
The statement of assets and liabilities in the public sector can be described as the?
  • A. income and expenditure accountof government
  • B. appropriation account of government
  • C. balance sheet of government
  • D. funds flow statement of government
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent