JAMB Accounting 2008 Objective — Question 47

Question 47 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.

A source of revenue that is compulsory payment without any derivable benefit is

A. fees
B. taxesCorrect
C. fines
D. royalties

Explanation

Taxes are compulsory payment imposed by government on the individuals and corporate bodies in the state, due pro quo.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2008 Objective More Accounting past papers