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WAEC Financial Accounting 2009 Question 13

Question 13

Public Sector Accounting

Which of the following is not a source of revenue for local government?

  1. A.Mining royalties
  2. B.Radio and TV licences
  3. C.Tenement/property rates
  4. D.Business permit fee
Show the answer and explanation

Answer: A (Mining royalties)

Explanation

Mining royalties go to the federal (central) government; licences, rates and permit fees are local government revenue.