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JAMB Principles of Accounts 2009 Question 50

Question 50

Public Sector Accounting

One of the reasons for the existence of the public sector is to

  1. A.take adequate care of the needy
  2. B.supplement the commercial sector
  3. C.provide cheap services to all citizens
  4. D.correct perceived inequalities.
Show the answer and explanation

Answer: C (provide cheap services to all citizens)

Explanation

Government provides essential services such as water and power cheaply to everybody.