Post Utme Bowen University 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 35 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. If the agency receives ₦1,000,000 in revenue and has expenses of ₦800,000, what is the net income?

Answer Options

Correct Answer A. ₦200,000
B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Bowen University 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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