Public Sector Accounting Generix Content - Public Sector Accounting
HOME

EXAMS

JAMB

WAEC

CONTENTS

SIGN IN

JOIN NOW
"Public Sector Accounting" question number distribution across years
loading...
Search "Public Sector Accounting" on the following sites online
 
Financial Accounting index on skoool nigeria
 
WAEC questions for "Financial Accounting :: Public Sector Accounting"
Q1

Which of the following is not a source of revenue for local government?

A

Mining royalties

B

Radio and Television licenses

C

Tenement/property rates

D

Business permit fee

E
Q2

The authority of the Accountant-General to disburse from government fund is

A

provision

B

warrant

C

vote

D

estimate

E
Q3

As evidence of payment to a government treasury, revenue collectors issue

A

treasury card

B

receipt voucher card

C

treasury receipt

D

payment voucher

E
Q4

Recurrent expenditure is

A

D 180,000

B

D 164,000

C

D 150,000

D

D 30,000

E
Q5

Capital expenditure is

A

D 780,000

B

D 750,000

C

D 600,000

D

D 500,000

E
Q6

Which of the following is not an instrument for controlling public expenditure?

A

Constitution

B

Financial regulation

C

Budget

D

Memorandum of Association

E
Q7

Which of the following is a source of revenue to a local government authority?

A

Poll tax

B

Excise duty

C

PAYE tax

D

Value Added Tax

E
Q8

Public sector accounting is practised in

A

public limited companies

B

government organisations

C

profit making organizations

D

public trading companies

E
Q9

Which of the following is not a source of revenue to a government?

A

taxation

B

sale of goods

C

imposition of fines

D

grants

E
Q10

The unit which keeps government's books of accounts is the

A

Central Bank

B

Internal Audit Department

C

Treasury Department

D

Accountant General's Department

E
Q11

Which of the following is the basis of accounting in public service?

A

Profit

B

Accrual

C

Expenditure

D

Cash

E
Q12

The amount of money granted by government to public institutions to meet recurrent expenditure during a year is

A

subvention

B

budget

C

deposit

D

estimates

E
Q13

Which of the following is the responsibility of a local government?

A

Constructing market stalls

B

Raising income tax revenue

C

Developing highways and tolling them

D

Developing major ports for tax purposes

E
Q14

The financial plan of the government for the year is contained in the

A

analysis book

B

gazzette

C

budget

D

vote

E
Q15

The total amount of money set aside for a particular purpose by government is

A

fund

B

vote

C

virement

D

budget

E
Q16

Which of the following does not relate to government accounting system?

A

Vote

B

Trial Balance

C

Consolidated Fund

D

Profit and Loss Account

E
Q17

The Chief Accountiing Officer of the Federation is

A

Minister of Finance

B

Auditor General

C

Accountant General

D

Chief Accountant

E
Q18

The expenditure on goods and services which is consumed either immediately or within a current accounting period is

A

annual expenditure

B

budgetary expenditure

C

capital expenditure

D

recurrent expenditure

E
Q19

Which of the following serves as the main Government Fund used to service all operations of the government?

A

General Fund

B

Consolidated Revenue Fund

C

Consolidated Reserve Fund

D

Special Fund

E
Q20

Which of the following is a capital expenditure?

A

Salaries and wages

B

Stationery

C

Repairs of motor vehicles

D

Purchase of furniture

E
Q21

The vote book in Public Sector Accounting is used to

A

register the names of voters

B

control expenditure

C

control government policies

D

record revenue accruing to the government

E
Q22

The document which authorises the Minister of Finance to release fund for government expenditure is

A

a warrant

B

a bank cheque

C

an order

D

a vote boo

E
Q23

The vote book in governmental accounting is used to

A

register the name of voters

B

control expenditure

C

record government revenue

D

record taxes paid

E
Q24

Which of the following is not a revenue expenditure?

A

Repairing of generator set

B

Purchase of inventory

C

Extension of building

D

Payment of subscription

E
Q25

The authority of the Accountant-General to disburse from government fund is called

A

estimate

B

warrant

C

provision

D

vote

E
Q26

Recurrent expenditure of government is paid from

A

contigencies fund

B

reserve fund

C

development fund

D

consolidated fund

E
Q27

Which of the following is a source of local government revenue?

A

Personal income tax

B

Sale of armed forces property

C

Repayment (state)

D

Repayment (interest and general)

E

Market rates

Q28

The Accountant General disburses government fund by the use of

A

a voucher

B

a warrant

C

an estimate

D

a vote

E

a provision

Q29

capital expenditure for the year was

A

₦690,000

B

₦590,000

C

₦500,000

D

₦140,000

E

₦100,000

Q30

Recurrent expenditure for the year was

A

₦170,000

B

₦130,000

C

₦120,000

D

₦100,000

E

₦80,000

Q31

Which of the following is a recurrent expenditure expenditure to a Local Government Council?

A

Building of classrooms

B

Sinking of wells

C

Purchase of drugs

D

Construction of markets

E

Purchase of hospital beds

Q32

Which of the following is true in Public Sector Accounting? Cost of assets is

A

depreciated on straight line method

B

depreciated on reducing balance method

C

expensed in the year of purchase

D

charged to the Federation Account

E

not recognised in any form

Q33

Which of the following is not a capital expenditure to a local government?

A

Beds

B

Theatre

C

Incubators

D

X-ray machines

E

Drugs

Q34

A financial plan of action expressed in monetary terms is known as

A

imprest

B

consolidated fund

C

warrant

D

budget

E

development fund

Q35

The amount of capital expenditure for 1995 was

A

₦260,000

B

₦230,000

C

₦220,000

D

₦160,000

E

₦140,000

Q36

The amount of revenue expenditure for 1995 was

A

₦260,000

B

₦230,000

C

₦230,000

D

₦220,000

E

₦160,000

Q37

Which of the following is used before the appropriation bill is approved?

A

Supplementary general warrant

B

Provisional general warrant

C

Reserved expenditure warrant

D

Virement warrant

E

Supplementary statutory expenditure warrant

Q38

Which of the following is used where virement is not possible and where an application for additional provision reveals a degree of urgency?

A

Reserved expenditure warrant

B

Provisional general warrant

C

Contigence warrant

D

Supplementary general warrant

E

Virement warrant

Q39

The financial plan of the government for a year is contained in the

A

vote book

B

cash analysis book

C

budget

D

general order

E

gazette

Q40

The total salary for the period is

A

₦1,368,000

B

₦1,224,000

C

₦1,024,000

D

₦1,020,000

E

₦964,000

Q41

Total housing allowance for the period is

A

₦404,000

B

₦242,000

C

₦204,000

D

₦144,000

E

₦132,000

Q42

The total emolument for the assistant directors is

A

₦404,000

B

₦242,000

C

₦204,000

D

₦144,000

E

₦132,000

Q43

The total emolument for the Audit Department is

A

₦1,368,000

B

₦1,224,000

C

₦1,024,000

D

₦1,020,000

E

₦964,000

Q44

Expenditure incurred to maintain an asset's earning capacity is called

A

capital expenditure

B

revenue expenditure

C

general expenditure

D

tangible expenditure

E

intangible expenditure

Q45

The chief accounting officer of Nigeria is called the

A

Auditor General

B

Chief Accountant

C

Treasurer

D

Accountant General

E

General Accountant

Q46

Which of the following is a capital expenditure?

A

Purchase of stock

B

Purchase of motor vehicles for sale

C

Subscription paid

D

Extension of building

E

Repair of generator

Q47
Total transport allowance for the period is
A
N404,000
B
N242,000
C
N204,000
D
N144,000
E
N132,000
Q48

The amount of individual items on government budget is called

A

a Vote

B

a Deposit

C

an Investment

D

a Loan

E

a Grant

Q49

Which of the following accounts is not kept by local government?

A

Departmental votes revenue account

B

Departmental votes Expenditure Account

C

Deposit Account

D

Advances Account

E

Profit and Loss Account

Q50

The Chief Accounting Officer of the Federal Republic of Nigeria is the

A

Chief Accountant

B

Minister of Finance

C

Minister of Economic Planning

D

Accountant-General of the Federation

E

Auditor General of the Federation

Q51

Materials are taken out of Government Ministry unallocated store means of

A

verbal instruction of the Governor

B

stores issued voucher

C

stores credit voucher

D

stores ledger card

E

departmental authorisation order

Q52

As evidence of payments to a Government Ministry, the revenue collectors issue

A

treasury card

B

receipt voucher card

C

treasury receipt

D

payment voucher

E

stores receipt voucher

Q53

Recurrent expenditure from government fund is paid from

A

reserve fund

B

consolidated revenue fund

C

development fund

D

contingencies fund

E

personal advance fund

Q54

The document evidencing a disbursement of government fund is known

A

Bill

B

Invoice

C

Till Book

D

Payment voucher

E

Local Purchase

Q55

The authority of the Accountant-General to disburse from government fund is called

A

Voucher

B

Warrant

C

estimate

D

provision

E

vote

Q56

Which of the following is not true of capital expenditure?

I. Assets acquired for the purpose of earning income

II. Extension of office building

III It is incurred and its full benefits consumed

A

I only

B

II only

C

I and II only

D

II and III only

E

III only