JAMB Accounting 2019 Objective — Question 7
Question 7 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.
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Which of the following accounts is kept by local governments in Nigeria?
- A. Balance sheet
- B. Advances accountCorrect
- C. Debtors account
- D. Profit and Loss account
Explanation
Advances accounts are used to record transactions of the local government.
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