Post Utme Eksu 2018 Accounting Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 1 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A government agency is considering the adoption of a new accounting system. The agency's current system is based on cash accounting, while the proposed system is based on accrual accounting. Which of the following is a key advantage of the accrual accounting system?

Answer Options

Correct Answer A. Improved matching of revenues and expenses
B. Simplified financial reporting
C. Increased transparency
D. Reduced accounting complexity
Correct Answer
A
Correct Option:
Improved matching of revenues and expenses

About This Question

This is Post Utme Eksu 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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