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WAEC Financial Accounting 2012 Question 46

Question 46

Public Sector Accounting

Which of the following is not a revenue to a local government?

  1. A.Fines
  2. B.Licenses
  3. C.Personal income tax
  4. D.Tenement rates
Show the answer and explanation

Answer: C (Personal income tax)

Explanation

Personal income tax is collected by state (or central) government. Fines, licences and tenement rates are local government revenues.