The major sources of revenue for the state and local gove...
The major sources of revenue for the state and local governments is
Value added tax
Statutory allocation
Taxes and levies
Recurrent revenue
Correct answer is B
Statutory allocation; this is the grant from the federal government to the state and local government.
In the preparation of manufacturing accounts, prime cost plus factory overheads equal to cost of ...
Given: Assets and Liabilities of a Local Government Bank balance #6,484,000 Cash # 900,000 Gen...
Which of the following information is recorded in the returns outwards book? ...
Purchases of fixtures and fittings by a club is recorded in the ...
The need for changes in accounting theory in Nigeria was influenced by the ...
Rent prepaid as at 1st January, 2002 was N15,000. How much was paid for rent in 2007? ...
\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...
Determine the value of closing stock using the LIFO method ...