Post Utme Coal City University 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A government agency has the following transactions: a grant of ₦500,000, a loan of ₦200,000, and a grant of ₦300,000. What is the total amount of grants received by the agency?

Answer Options

A. ₦800,000
B. ₦900,000
Correct Answer C. ₦1,000,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Coal City University 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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