JAMB Principles of Accounts 2013 Question 48

Question 48

Public Sector Accounting

Accountant-General of the federation is responsible for

  1. A.the general supervision of all auditing personnel in all the ministries.
  2. B.the compilation of annual financial statement.
  3. C.the interpretation of rules and regulations affecting the private sectors.
  4. D.ensuring the efficient operation of the ministries.
Show the answer and explanation

Answer: B (the compilation of annual financial statement.)

Explanation

The Accountant-General prepares the federal government's annual financial statements.