Post Utme Caleb University 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

A government agency is responsible for collecting taxes on behalf of the government. What type of account is used to record the taxes collected?

Answer Options

Correct Answer A. Revenue account
B. Expense account
C. Asset account
D. Liability account
Correct Answer
A
Correct Option:
Revenue account

About This Question

This is Post Utme Caleb University 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support