Post Utme Bells University 2025 Accounting Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice
Question 36 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A public sector organization has a budget of ₦1,500,000 for the year. The organization has a 20% contingency fund, which is allocated to cover unexpected expenses. If the organization spends ₦1,200,000 on salaries and ₦300,000 on utilities, what is the remaining balance in the contingency fund?

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Bells University 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

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