davodyguy:


You have zero knowledge of accounting.
There's what's called accruals.

Such incomes are not generated in a single lump sum, but overtime, then aggregated at the end of a fiscal/financial year

And what have you said? So he has Zero knowledge? Yours is less than zero
he does not know and knows but you don't know and think you know

Just the observe. One day, one story

how much did they steal

Financialslot:
hmmmm. My dear if we all think that way then we will never make progress as a people and a country. Try to be more positive, cos Nigeria is all we have

positivism shouldn't becloud one's sense of objectivism

aribisala0:
And what have you said? So he has Zero knowledge? Yours is less than zero
he does not know and knows but you don't know and think you know

Really?

Educate me and prove that what I said is wrong, anything short of that will prove you're 100% ignorant

Tithe is to Religion, What Tax is to Government. But Government and Religion have refused to pay their own share of Taxes and Tithes.

Until Government and Religion pay their taxes and tithes, I will always always find a way to even-out my taxes and tithes contributions to Government and Religion.

Equation must be balanced.

QED.

ok ghost moni

oshe11:
AND WE STILL NEED TO BORROW BEFORE PAYING WORKERS?




WHO IS FOOLING WHO?

Who is borrowing to pay salary?

Thumb up to the government for that.

But the clueless government failing fixing the economy.

Hunger is real.

obailala:
Who is borrowing to pay salary?

Many Nairalanders have no idea of what they post. Some just post whatever that comes to their mind.

The borrowings proposed are to fund INFRASTRUCTURES and not recurrent

Tiefnubu's men collecting tax for Zoogeria?? Good luck for una.

davodyguy:


Really?

Educate me and prove that what I said is wrong, anything short of that will prove you're 100% ignorant

What you said is not wrong it is just irrelevant and tangential to the question he asked. It does not illuminate the matter in any way or add anything of value.
You might as well have said cows eat grass in response. It is true the eat grass but totally irrelevant

aribisala0:
What you said is not wrong it is just irrelevant and tangential to the question he asked. It does not illuminate the matter in any way or add anything of value.
You might as well have said cows eat grass in response. It is true the eat grass but totally irrelevant

So it means I'm correct with my accounting principle explanation.

That's good.

Case closed.

I hope the guy and likewise you learned a lesson that annual taxes summed up at the end of a year is never earned in bulk, reason why his comment is based on ignorance.

Next time, don't be in a hast to respond, it will make you appear to have zeal without knowledge

dominique:
Nothing to rejoice about because we know over 70% will end up in the accounts of greedy leaders. If the country is generating that much from taxes alone, there should have been remarkable development in infrastructure and economy in general. Sometimes I wonder what we've done to deserve such horrible leadership in this country.

Do you know math at all? Do you know what 70% of the stated figure is?

davodyguy:


So it means I'm correct with my accounting principle explanation.

That's good.

Case closed.

I hope the guy learned a lesson that annual taxes summed up at the end of a year is never earned in bulk, reason why his comment is based on ignorance.

Next time, don't be in a hast to respond, or you may appear to have zeal without the balanced knowledge

Of what relevance is it whether it is received in bulk.? Is any kind of revenue received in bulk whatever "BULK" means . It is a totally meaningless and irrelevant submission
Oil revenue which accounts for the most revenue is it receievd in "bulk" Is the annual budget spent in "BULK" Are salaries paid in "bulk" ? Is government debt serviced in "bulk"?
Tell us in a simple sentence WHAT DIFFERENCE IT WOULD MAKE IF IT WAS RECEIVED IN BULK

If you have nothing to say go and climb your wife.

Financialslot:
hmmmm. My dear if we all think that way then we will never make progress as a people and a country. Try to be more positive, cos Nigeria is all we have

More positive indeed!!!!!! The reality is that the money will still be syphoned by our cruel leaders... Be it APC or PDP ......God will judge them.....I am greatly pained for my beloved country.... Haaaa who will deliver us

davodyguy:


You have zero knowledge of accounting.
There's what's called accruals.

Such incomes are not generated in a single lump sum, but overtime, then aggregated at the end of a fiscal/financial year

Accrual in govt. accounting? Teacher no teach me nonsense.

davodyguy:


You have zero knowledge of accounting.
There's what's called accruals.

Such incomes are not generated in a single lump sum, but overtime, then aggregated at the end of a fiscal/financial year

Accrual in govt. accounting? Teacher abi na Lecturer be your name.

Donbabaj:


Accrual in govt. accounting? Teacher no teach me nonsense.

I know many Nairalanders post without knowledge.
Obviously you have no idea of what accrual is. If you do, you wouldn't have made such pathetic comment

Google IPSAS.

Then return back. I'll give you free lecture today.

I work as a consultant to
AMCON
FIRS
Lagos State Government
And many more MDAs.

Make sure you return back for more lesson.

.

Yet FGN is getting set to borrow.This is a paradox.

Blood of God. Nigeria can make that type of tax and we're still talking of Reccession. ptcheew

through extortion

davodyguy:


You have zero knowledge of accounting.
There's what's called accruals.

Such incomes are not generated in a single lump sum, but overtime, then aggregated at the end of a fiscal/financial year

but this your knowledge is yet to solve our problems na....okay caculate for all ministry's in single lump sum let see how much is generated if it will nt exceed that 3.30tr

Am a Nigerian currently visiting South Africa, and I can visibly tell you what SA is doing with tax payers money. Just to name a few... RAF (road accident fund) Oboy I can't believe you can be payed if u get accident on federal road.. .na here I come see am. Road maintenance... Am speechless when it comes to this because as at when I left 'nija' I was still dodging pot hole. Student Loan.. ..etc Oboy I tire to talk before bad belle people wey dey nija go face me

dominique:
Nothing to rejoice about because we know over 70% will end up in the accounts of greedy leaders. If the country is generating that much from taxes alone, there should have been remarkable development in infrastructure and economy in general. Sometimes I wonder what we've done to deserve such horrible leadership in this country.

That's why sometimes I wonder if there's really a God or if there is, why does he hate Nigeria so much to allow the emergence of misfits as our leaders? The thing just weak me, I swear!

usamali:




but this your knowledge is yet to solve our problems na....okay caculate for all ministry's in single lump sum let see how much is generated if it will nt exceed that 3.30tr

Calculate what exactly?

wine4dguy:
Am a Nigerian currently visiting South Africa, and I can visibly tell you what SA is doing with tax payers money. Just to name a few... RAF (road accident fund) Oboy I can't believe you can be payed if u get accident on federal road.. .na here I come see am. Road maintenance... Am speechless when it comes to this because as at when I left 'nija' I was still dodging pot hole. Student Loan.. ..etc Oboy I tire to talk before bad belle people wey dey nija go face me

Yes, thats true, if you are involved in an accident in any South african road and get injured, you get paid for that. The payment could go into millions depending on yo injury.

http://www.raf.co.za/Pages/default.aspx

14:


Yes, thats true, if you are involved in an accident in any South african road and get injured, you get paid for that. The payment could go into millions depending on yo injury.

http://www.raf.co.za/Pages/default.aspx

my brother who want do that one for you for nija... No road not to talk of accident fund.. .nija tire people no be small