JAMB Accounting 2011 Objective — Question 44

Question 44 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

The fund in which all government receipts are paid is

A. A. consolidated revenue fundCorrect
B. B. development fund
C. C. trust fund
D. D. contingency fund

Explanation

The Consolidated Revenue Fund (CRF) is the account used to record all the receipts and payments of the government.

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