Which of the following is a source of revenue to the federation account?

  • A Market fees
  • B Bicycle licences
  • C Tarrifs
  • D Property rates
jamb 2012accounting

The correct answer is C. Tarrifs

Tariff is a tax or duty to be paid on a particular class of imports or exports. It is a source of revenue to the government because these taxes are paid to the government of the importing country.

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