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

Assessment: WAEC SSCE - Financial Accounting - 2015 (Objective) Subject: Financial Accounting

Question 1 Report

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

Answer Details
Market tolls is a source of revenue for a local government. Market tolls refer to the fees charged for the use of local markets. These fees are usually collected by local government authorities to generate revenue to fund local government projects and services such as road maintenance, public schools, health clinics, and waste disposal among others. Therefore, among the given options, market tolls are the only source of revenue that a local government can generate.

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