Post Utme Bells University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A government agency's financial statements show a surplus of ₦10,000,000. However, the agency's budget shows a deficit of ₦5,000,000. What is the likely cause of this discrepancy?

Answer Options

Correct Answer A. The agency's financial statements were not properly reconciled with the budget.
B. The agency's accounting software malfunctioned.
C. The agency's budget was not properly updated.
D. The agency's financial statements were not properly audited.
Correct Answer
A
Correct Option:
The agency's financial statements were not properly reconciled with the budget.

About This Question

This is Post Utme Bells University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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