Post Utme Bowen University 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's public sector accounting system shows a revenue of ₦500,000. However, the company's financial statements show a loss of ₦200,000. What is the reason for this discrepancy?

Answer Options

A. The company has not recorded a grant.
B. The company has not recorded a subsidy.
Correct Answer C. The company has not recorded a tax credit.
D. The company has not recorded a government loan.
Correct Answer
C
Correct Option:
The company has not recorded a tax credit.

About This Question

This is Post Utme Bowen University 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

View More Post Utme Bowen University 2020 Accounting Questions More Post Utme Bowen University Practice Questions Back to Questions

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