The Petroleum Technology Development Fund is under the
General fund
Contingency fund
Trust fund
Capital fund
Correct answer is D
No explanation has been provided for this answer.
The book into which all types of a ministry's expenditure are recorded is the
Ledger book
Payment book
Vote book
Expenditure book
Correct answer is C
A vote book is an accounts book which is used to record. and monitor expenditure in the public sector.
Which of the following is a source of revenue to the federation account?
Market fees
Bicycle licences
Tarrifs
Property rates
Correct answer is C
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.
1
2
3
4
Correct answer is B
Turnover ratio is the cost of goods sold divided by the average stock for the same period
Cost of goods sold = opening stock + purchases - closing stock
25,120 + 44,880 - 27,840 = 42,160
Average stock = opening stock + closing stock / 2
25,120 + 27,840 = 52960 / 2 = 26,480
Turn over = 42,160 / 26,480 = 1.59 times Approximately 2 times
1:94:1
1:96:1
1:1:94
1:1:96
Correct answer is B
Acid test ratio = cash + cash equivalents + marketable securities + current accounts receivables / Total current liabilities