Post Utme Achievers University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A public sector organization received a grant of ₦2,500,000 to implement a project. The organization incurred the following expenses: Salaries ₦1,200,000, Rent ₦300,000, and Utilities ₦100,000. Prepare a statement of changes in net assets.

Answer Options

Correct Answer A. ₦1,700,000
B. ₦1,600,000
C. ₦1,500,000
D. ₦1,400,000
Correct Answer
A
Correct Option:
₦1,700,000

About This Question

This is Post Utme Achievers University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

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