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WAEC Financial Accounting 2003 Question 4

Question 4

Public Sector Accounting

Which of the following is the responsibility of a local government?

  1. A.Constructing market stalls
  2. B.Raising income tax revenue
  3. C.Developing highways and tolling them
  4. D.Developing major ports for tax purposes.
Show the answer and explanation

Answer: A (Constructing market stalls)

Explanation

Markets are a local government function; income tax, highways and ports belong to higher governments.