JAMB Accounting 2009 Objective — Question 49

Question 49 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

49. Which of the following is credited to the consolidated revenue fund?

A. Recurrent expenditure
B. capital expenditure
C. transfers to revenue fund
D. internal revenueCorrect

Explanation

When money is received by the government from any source (such as internal revenue), it is transferred/credited to the consolidated revenue fund.

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