Question on: JAMB Accounting - 2024
Ifedapo Local Council has the following details for 2008
| # | |
| Fines | 5000 |
| Allocation from state government | 20000 |
| Tenement rates | 10000 |
| Licences | 12000 |
| Hospital beds | 8000 |
| Ambulance | 13000 |
| Salaries | 15000 |
| Vehicles fueling | 7000 |
The Local Council's revenue for 2008 was
A
#47,000
B
#37,000
C
#42,000
D
#27,000
Ask EduPadi AI for a detailed answer
Correct Option: A
Revenue items are:
Fines: ₦5,000
Allocation from state government: ₦20,000
Tenement rates: ₦10,000
Licences: ₦12,000
Total Revenue = 5,000 + 20,000 + 10,000 + 12,000 = ₦47,000
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