Post Utme Bsu 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A government agency receives a grant of ₦1,000,000 to implement a project. The project is expected to last for 2 years. What is the amount of the grant that should be recognized as revenue in the first year?

Answer Options

A. ₦500,000
Correct Answer B. ₦750,000
C. ₦1,000,000
D. ₦1,250,000
Correct Answer
B
Correct Option:
₦750,000

About This Question

This is Post Utme Bsu 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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