Post Utme Babcock University 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions related to its public sector accounting: The company received ₦ 100,000 from the government as a grant. The company also spent ₦ 50,000 on salaries and ₦ 30,000 on rent. Calculate the net surplus of the company.

Answer Options

Correct Answer A. ₦ 20,000
B. ₦ 30,000
C. ₦ 40,000
D. ₦ 50,000
Correct Answer
A
Correct Option:
₦ 20,000

About This Question

This is Post Utme Babcock University 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.

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