Which of the following is a signatory to federal government account?

Assessment: JAMB UTME - Principles of Accounts - 2020 Subject: Financial Accounting

Question 1 Report

Which of the following is a signatory to federal government account?
Answer Details
The Accountant-General is a signatory to the federal government account. The Accountant-General is responsible for managing the government's financial resources and ensuring that all government transactions are properly recorded and accounted for. As such, the Accountant-General is authorized to sign on behalf of the government to access and manage government funds held in the federal government account. On the other hand, the Auditor-General is responsible for auditing the government's financial statements and ensuring that they are accurate and comply with financial reporting standards. The Governor of the Central Bank is responsible for managing the country's monetary policy and ensuring stability in the financial system, but is not directly involved in government finance. The President is the head of state and is not involved in the day-to-day management of the government's finances.

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