Post Utme Bsu 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Bsu Commerce examination.

Post Utme Bsu 2025 Commerce Objective / Multiple Choice

Question 13 POST_UTME_BSU • 2025 • COMMERCE • objective

A company's financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS). Which of the following is a characteristic of IFRS?

A. IFRS is based on historical cost accounting

B. IFRS requires the use of cash flow statements

Correct Answer C. IFRS is based on the accrual accounting method

D. IFRS is only used by non-profit organizations

Correct Answer

Correct Option:

IFRS is based on the accrual accounting method

This is Post Utme Bsu 2025 Commerce Question 13. It is one of the objective questions from the 2025 Post Utme Bsu Commerce examination.

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