Post Utme Christopher University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice

Question 15 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A government agency's financial statements showed a surplus of 10,000. The agency's accountant prepared the following schedule to analyze the surplus:

Answer Options

A. The surplus is due to an increase in revenue.

Correct Answer B. The surplus is due to a decrease in expenses.

C. The surplus is due to an increase in assets.

D. The surplus is due to a decrease in liabilities.

Correct Answer

Correct Option:

The surplus is due to a decrease in expenses.

About This Question

This is Post Utme Christopher University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

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