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WAEC Financial Accounting 2016 Question 40

Question 40

Public Sector Accounting

Which of the following is a source of local government revenue?

  1. A.Excise duties
  2. B.Market dues
  3. C.Import duties
  4. D.Loans and grants
Show the answer and explanation

Answer: B (Market dues)

Explanation

Market dues are collected by local councils; excise and import duties are federal revenue.