JAMB Accounting 2012 Objective — Question 46

Question 46 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

Which of the following is a source of revenue to the federation account?

A. Market fees
B. Bicycle Licences
C. TariffsCorrect
D. Property rates

Explanation

Tariffs are taxes on imported and exported goods. Only federal government has exclusive power to collect these tariffs.

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