Post Utme Babcock University 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. The agency has the following transactions: revenue 100,000 and expenses 50,000. What is the net income of the agency?

Answer Options

Correct Answer A. 50,000
B. 100,000
C. 150,000
D. 200,000
Correct Answer
A
Correct Option:
50,000

About This Question

This is Post Utme Babcock University 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support