Post Utme Al Hikmah University 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company is preparing its financial statements for the year ended 31st December 2024. The company's accounting year-end is 31st December, but the financial statements are to be prepared on a 30th June year-end. What is the accounting treatment for the following items?

Answer Options

A. Recognize the items in the financial statements as at 30th June 2024
Correct Answer B. Recognize the items in the financial statements as at 31st December 2024
C. Recognize the items in the financial statements as at 30th June 2025
D. Recognize the items in the financial statements as at 31st December 2025
Correct Answer
B
Correct Option:
Recognize the items in the financial statements as at 31st December 2024

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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