passwella.
Menu

JAMB Principles of Accounts 2007 Question 23

Question 23

Public Sector Accounting

A pension granted to any past president or vice-president shall be charged to the

  1. A.consolidated revenue fund
  2. B.special pension fund
  3. C.contingency fund
  4. D.development fund.
Show the answer and explanation

Answer: A (consolidated revenue fund)

Explanation

Under the Constitution, pensions of former presidents and vice-presidents are paid directly from the Consolidated Revenue Fund.