Post Utme Bowen University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has a departmental account for the manufacturing department. The account shows a balance of ₦50,000. What is the purpose of this account?

Answer Options

A. To record the cost of goods sold
B. To record the depreciation of assets
Correct Answer C. To record the profit or loss of the department
D. To record the increase in inventory
Correct Answer
C
Correct Option:
To record the profit or loss of the department

About This Question

This is Post Utme Bowen University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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