Post Utme Bsu 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A government agency is responsible for the collection of taxes. The agency's income statement for the year ended 31st December 2022 is as follows: | Particulars | Amount | | --- | --- | | Revenue | 10,000,000 | | Expenditure | 8,000,000 | | Surplus | 2,000,000 | What is the percentage increase in the agency's revenue for the year?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Bsu 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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