JAMB Accounting 2007 Objective — Question 23

Question 23 of 46 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2007 Objective paper, with the correct answer and a full explanation.

A pension granted to any past president or vice-president shall be charged to the

A. federal government B special pension fund
B. consolidated revenue fundCorrect
C. contingency fund
D. development fund

Explanation

Pensions to past presidents/vice-presidents are charged to a special pension fund set up for that purpose.

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