2011 - JAMB Accounting Past Questions and Answers - page 5
41
The founders of a company are?
A
promoters
B
shareholders
C
canvassers
D
stakeholders
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42
The fund in which all government receipt are paid is?
A
consolidated revenue fund
B
development fund
C
trust fund
D
contingency fund
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43
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
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44
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
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45
Which of the following is a signatory to federal government account?
A
Auditor-General
B
Governor of Central Bank
C
Accountant-General
D
Persident
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46
The chief accounting officer of a local government is the?
A
Chairman
B
Treasurer
C
Director of personnel
D
Auditor
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47
Which of the following signs general warrant for the release of money from the consolidated revenue fund?
A
Minister of Finance
B
Chairman, Economic Advisory Committee
C
Permanent secretary
D
Minister of Economic Planning
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48
A
N27 000
B
N23 000
C
N28 000
D
N20 500
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49
A
N61 000
B
N58 000
C
N62000
D
N57 000
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