Mastering Income and Deposits System in Accounting Quiz

In the General Fund (GF) of the NG

In the National Treasury (NT) (correct)

In any duly authorized government depository

In authorized agent banks

All revenue must be deposited in the General Fund (GF)

All revenue must be deposited in authorized agent banks

All revenue must be remitted to the AGDB

All revenue must be remitted to the treasury (correct)

PPSAS 1-Financial Statements Presentation and PPSAS 15-Investments in Associates

PPSAS 3-Accounting Policies, Changes in Accounting Estimates and Errors and PPSAS 12-Inventories

PPSAS 9-Revenue from Exchange Transactions and PPSAS 23-Revenue from Non-exchange Transactions (correct)

PPSAS 5-Borrowing Costs and PPSAS 17-Property, Plant and Equipment

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<p>In any duly authorized government depository</p> Signup and view all the answers