Tag: ACC418 Questions and Answers

ACC418 TMA

ACC418 TMA

National Open University of Nigeria
ACC418 List of Questions Q1 In accordance with Financial Regulations (FR) No 3205 â?? Revised to January 2009, which office is empowered to authorize parastatals to obtain loans or any other form of advance from Commercial Banks? Office of the Auditor-General for the Federation. Office of the Accountant General of the Federation. Debt Management Office. Bureau of Public Procurement. Q2 The Federal Executive Council has power to award contracts in excess of N20 million. N40 million. N50 million. N100 million. Q3 In accordance with Section 16 of Finance (Control and Management) Act LFN 2004 into which of the following accounts shall monies appropriated and not expended lapse and accrue to, at the expiration of the year, in respect of which such monies are appropriated? Consol
ACC418 TMA Solutions

ACC418 TMA Solutions

National Open University of Nigeria
ACC418 List of Questions Q1 In accordance with Financial Regulations (FR) No 3205 â?? Revised to January 2009, which office is empowered to authorize parastatals to obtain loans or any other form of advance from Commercial Banks? Office of the Auditor-General for the Federation. Office of the Accountant General of the Federation. Debt Management Office. Bureau of Public Procurement. Q2 The Federal Executive Council has power to award contracts in excess of N20 million. N40 million. N50 million. N100 million. Q3 In accordance with Section 16 of Finance (Control and Management) Act LFN 2004 into which of the following accounts shall monies appropriated and not expended lapse and accrue to, at the expiration of the year, in respect of which such monies are appropriated? Consol
ACC418 TMA Questions

ACC418 TMA Questions

National Open University of Nigeria
ACC418 List of Questions Q1 In accordance with Financial Regulations (FR) No 3205 â?? Revised to January 2009, which office is empowered to authorize parastatals to obtain loans or any other form of advance from Commercial Banks? Office of the Auditor-General for the Federation. Office of the Accountant General of the Federation. Debt Management Office. Bureau of Public Procurement. Q2 The Federal Executive Council has power to award contracts in excess of N20 million. N40 million. N50 million. N100 million. Q3 In accordance with Section 16 of Finance (Control and Management) Act LFN 2004 into which of the following accounts shall monies appropriated and not expended lapse and accrue to, at the expiration of the year, in respect of which such monies are appropriated? Consol