Post Utme Bells University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice

Question 20 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the accrual basis of accounting. What is the effect of this method on the financial statements?

Answer Options

Correct Answer A. Increases revenue and decreases expenses

B. Decreases revenue and increases expenses

C. Increases expenses and decreases revenue

D. Has no effect on the financial statements

Correct Answer

Correct Option:

Increases revenue and decreases expenses

About This Question

This is Post Utme Bells University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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