ASSIGNMENT ON ACC 326-PUBLIC SECTOR ACCOUNTING 1

FOR FULL TIME STUDENTS:
 

1.     AJIMATANRAEJE L.G.A has a population of  10 million citizens of which 7 million are

taxable adults who will pay tax at the rate of N500 per adult.

It also has 20,000 market stalls rented to traders at N80,000 per annum per stall.

There are 12,000 hawkers who will pay entrances fees to the market on daily basis at the rate of N100 per day. There are 28 days in a month and 12 months in a year.

Required:

As a student of Management and Business Studies prepare the revenue budget of the local Government for the year 2018

2.  Shine-Your Eye L.G.A has a population of 15 million citizens of which 12 million are

taxable adults who will pay tax at the rate of N2,000 per adult.

It also has 50,000 market stalls rented to traders at N120,000 per annum per stall.

There are 20,000 hawkers who will pay entrances fees to the market on daily basis at the rate of N250 per day. There are 28 days in a month and 12 months in a year.

Required:Prepare the revenue budget of the local Government for the year 2018

 FOR PART TIME STUDENTS:
1.     EFURA L.G.A has a population of  10 million citizens of which 7 million are

taxable adults who will pay tax at the rate of N500 per adult.

It also has 20,000 market stalls rented to traders at N80,000 per annum per stall.

There are 12,000 hawkers who will pay entrances fees to the market on daily basis at the rate of N100 per day. There are 28 days in a month and 12 months in a year.

Required:

As a student of Management and Business Studies prepare the revenue budget of the local Government for the year 2018

2.   AJIMARONU L.G.A has a population of 20 million citizens of which 16 million are taxable adults who will pay tax at the rate of N2,500 per adult. It also has 75,000 market stalls rented to traders at N175,000 per annum per stall.There are 35,000 hawkers who will pay entrances fees to the market on daily basis at the rate of N500 per day.

There are 28 days in a month and 12 months in a year.

Required:Prepare the revenue budget of the local Government for the year 2018

                                                            BEST OF LUCK!

                      PATRIOT ODUNARO B.J (08038454008)

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