Which of the following is a source of local government revenue?

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Accounts - Principles of Accounts WAEC 2016

Which of the following is a source of local government revenue?

  • Excise duties
  • Market dues checkmark
  • Import duties
  • Loans and grants

The correct answer is: B

Explanation

Local government revenue comes from property, sales, and other taxes; levies, dues, charges and fees; and transfers from federal and state governments.

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