JAMB Accounting Past Questions & Answers - Page 140

696.

The chief accounting officer of a local government is the?

A.

Chairman

B.

Treasurer

C.

Director of personnel

D.

Auditor

Correct answer is A

No explanation has been provided for this answer.

697.

Which of the following is a signatory to federal government account?

A.

Auditor-General

B.

Governor of Central Bank

C.

Accountant-General

D.

President

Correct answer is C

No explanation has been provided for this answer.

698.

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

Correct answer is D

No explanation has been provided for this answer.

699.

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

Correct answer is C

No explanation has been provided for this answer.

700.

The fund in which all government receipt are paid is?

A.

Consolidated revenue fund

B.

Development fund

C.

Trust fund

D.

Contingency fund

Correct answer is A

No explanation has been provided for this answer.