The historical development of accounting reveals that it?
Deals with debit and credit of items
Is a product of financial development
Is a product of its own environment
Is an ideal subject for financial development
Correct answer is A
No explanation has been provided for this answer.
As evidence of payments to a government ministry, the revenue collectors will issue?
Treasury receipt
Receipts voucher card
Treasury card
Stores receipts voucher
Correct answer is B
A receipt voucher is a type of voucher which is typically issued by a certain business or an organization upon receiving payment in cash or check during a business transaction.
An increase in government expenditure within a year is taken care of by means of
Financial regulations
Retirement
Warrant
Supplementary estimate
Correct answer is D
Supplementary Budget / estimate is the request for additional funds by Ministries and Departments during the course of the year.
An ordinary share of N80 was issued at N96. The share was issued at?
Premium
Par
Discount
Loss
Correct answer is A
Share premium is the amount by which the amount received by a company for a stock issue exceeds its face value. when shares are sold at an amount higher than the face value it is sold at premium.
The financial plan of the government for a year is contained in the
Budget
Cash analysis book
Vote book
Gazette
Correct answer is A
Budget in this context refers to expenditures and revenue-collection decisions made in a given time frame at central or local levels of government. It contains the financial plan of the government for a given period of time.