ASSIGNMENT ON ACC 225-PUBLIC SECTOR ACCOUNTING FOR PRE-HND PART TIME

PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)
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TO WHOM: 

* PRE-HND  ACCOUNTANCY ( PART TIME)

ASSIGNMENT1

(a)  What do you understand by Public Sector Accounting?

(b)  State five users each of Public Sector Accounting Information from two categories.

(c)  Enumerate five differences between Public Sector Accounting and Private Sector Accounting .

ASSIGNMENT 2

Sogbae State Government has a problem of not being able to pay the salaries of workers

promptly. Apart from the statutory allocation receivable from the State and Federal Governments, internally generated sources are meagre.

You are the Chief Accountant assigned the responsibility of managing the Treasury.

The following informations are available.

On 31st March, 2019 the state anticipated the under listed transactions up to 31st October, 2019.

(a) Prepare the cash budget of the State for April 2019 to August 2019.

(b) Advise the Government on the ways of optimising the use of liquid fund

ASSIGNMENT 3

     (a) What do you understand by government revenue?

     (b) What are the general sources of revenue of various governments?

     (c)  Define revenue collector and state his or her functions

ASSIGNMENT4

     a) Define Capital Expenditure Warrants.

     (b) Write short note on:

      i. Virement Warrant

     ii. Provisional Development Fund General Warrant

    iii.  Development Fund Annual General Warrant

    iv.  Reserve Expenditure Warrants.

ASSIGNMENT 5

(a)  Define Federation Accounts Allocation Committee (FAAC).

(b)  Ajikawo 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:

 As a student of Management and Business Studies prepare the revenue budget of the

 local Government for the year 2018.

   BEST OF LUCK!