Post Utme Christopher University 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's financial statements show a net income of ₦500,000. However, the company's tax return shows a tax liability of ₦200,000. What is the reason for the difference?

Answer Options

A. The company has made a donation of ₦300,000
B. The company has made a payment of ₦300,000
C. The company has made a capital expenditure of ₦300,000
Correct Answer D. The company has made a depreciation expense of ₦300,000
Correct Answer
D
Correct Option:
The company has made a depreciation expense of ₦300,000

About This Question

This is Post Utme Christopher University 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

View More Post Utme Christopher University 2019 Accounting Questions More Post Utme Christopher University Practice Questions Back to Questions

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