Jamb Accounting Past Questions For Year 2004
Question 46
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
Question 47
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
Question 48
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
Question 49
Share premium is an example of?
- A. revenue reserve
- B. capital reserve
- C. general reserve
- D. loan capital
Question 50
The expenses incurred in promoting a company are?
- A. promoters' expenses
- B. floating expenses
- C. preliminary expenses
- D. the borad's expenses
