Post Utme Afe Babalola University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A government agency receives a grant of ₦1,000,000 from the federal government. The grant is to be used for a specific project. Prepare the journal entry to record the receipt of the grant.

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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