passwella.
Menu

WAEC Financial Accounting 2026 Question 35

Question 35

Public Sector Accounting

Use the following information to answer questions 35 and 36.
Local government common fund allocation: ₦80,000
General administration cost: ₦40,000
Market tolls: ₦5,000
Royalties: ₦10,000
Members of national assembly project: ₦60,000
Market rehabilitation: ₦100,000
Rural electrification: ₦71,000
The total revenue for the period is

  1. A.₦366,000
  2. B.₦271,000
  3. C.₦176,000
  4. D.₦95,000
Show the answer and explanation

Answer: D (₦95,000)

Explanation

Revenue = common fund allocation 80,000 + market tolls 5,000 + royalties 10,000 = ₦95,000.