Accounting JAMB

Which of the following is used to service all operations of government?

A. Consolidated Revenue Fund
B. Consolidated Reserve Fund
C. Special Operational Fund
D. General-Reserve Fund

Correct Answer:

Option A – Consolidated Revenue Fund

Explanation

consolidation revenue fund generates its revenue through an allocation from the federation account, court fees and fines, etc and is used to finance government operation e.g cost, overhead

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