NECO Accounting 2025 Objective — Question 48
Question 48 of 60 from the National Examinations Council (NECO) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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Which of the following is a source of Local Government Revenue?
- A. Personal income tax
- B. Sales of Armed Forces emblems
- C. Sales of debenture bonds
Explanation
Tenement rate is a local tax levied by local governments on property owners, making it a source of local government revenue.
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