Post Utme Crawford University 2025 Accounting Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A business uses the percentage of completion method to account for construction contracts. If a contract is 75% complete and the total contract price is ₦1,500,000, what is the amount of revenue recognized if the contract price is ₦1,200,000?

Answer Options

A. ₦900,000
B. ₦1,000,000
Correct Answer C. ₦1,050,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,050,000

About This Question

This is Post Utme Crawford University 2025 Accounting Question 22. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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