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JAMB Principles of Accounts 2008 Question 49

Question 49

Public Sector Accounting

The salary of the Chief Justice of the Federation is paid from the

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

Answer: A (consolidated revenue fund)

Explanation

The salaries of judges and other statutory officers are a direct charge on the Consolidated Revenue Fund.