Post Utme Caleb University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A government agency is considering the adoption of a new accounting system. The agency's current system is based on cash accounting, while the proposed system is based on accrual accounting. Which of the following is a key advantage of the accrual accounting system?

Answer Options

Correct Answer A. Improved financial reporting
B. Simplified accounting procedures
C. Enhanced budgeting and forecasting
D. Reduced accounting costs
Correct Answer
A
Correct Option:
Improved financial reporting

About This Question

This is Post Utme Caleb University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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