ACC418
Question: require information to enable them know the performance of the government and the economy.
Answer: Trade unions
Question: One of these is external user of public sector Accounting information.
Answer: beneficial owners of the public money
Question: All accounting that relates to the collection of tax payers money is known as…..
Answer: public sector accounting
Question: The accounting convention that states that profits should not be anticipated but losses is……
Answer: prudence
Question: The Accountant-General of the federation performs one of the following functions.
Answer: Supervise and control the computerization of the accounting system
Question: The fund systems that are used to account for assets held solely in a custodial capacity are called
Answer: Agency funds
Question: The types of funds in Nigeria exclude one of the following……
Answer: Investment Trust Fund
Question: Public sector accounting systems are organized and operated on ……
Answer: a fund basis
Question: the following are the objectives of Charts of Accounts (COA) except.
Answer: Comprehensiveness
Question: Organizations that are neither owned nor operated by private individuals are called ……
Answer: public sector
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