Head of Accounts

Expense

Liability

Equity

Asset

Government Accounting and Financial Reporting

Change management and human resources

Auditing, Training and Administration

All of these

If sanction, either social or general, of competent authority has been obtained authorizing the expenditure

If funds to cover the charges during the year have been provided by competent authority

Both A and B

None of these

The operating profit is greater than the profit for the year

The gross profit is greater than the profit for the year

Retained profits at the yearend are greater than shareholders’ equity

Retained profit at the yearend greater than retained profits at the beginning og the year

General partnership

Particular partnership

Partnership-at-will

Limited partnership

Tax revenue

Non-Tax revenue

Grants-In-Aid and contributions

All of these

World Bank

Asian Bank

Islamic Bank

IMF

Major function and minor function

Sub detailed function

Detailed function and program

All of these

Cost less depreciation to date

Cost less depreciation to date less amount owing on hire purchase

Cost less depreciation to date less amount owing on hire purchase less interest owing

Cost less amounts owing on hire purchase

Assets Accounting

Revised Chart of Accounts

Refund of Revenues

Chart of Accounts