Post Utme Delsu 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Delsu Accounting examination.

Post Utme Delsu 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_DELSU • 2020 • ACCOUNTING • objective

A company's public sector accounting records show the following transactions: Debit: ₦ 10,000, Credit: ₦ 20,000. What is the nature of the transaction?

Answer Options

A. Receipt of revenue
Correct Answer B. Payment of expenses
C. Accrual of liabilities
D. Recognition of assets
Correct Answer
B
Correct Option:
Payment of expenses

About This Question

This is Post Utme Delsu 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Delsu Accounting examination.

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