Post Utme Esut 2017 Accounting Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice

Question 27 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A public sector organization prepares its financial statements in accordance with the Cash Basis of Accounting. What is the primary purpose of this accounting method?

Correct Answer A. To match the expenses with the cash payments made during the period

B. To match the revenues with the cash received during the period

C. To match the expenses with the revenues earned during the period

D. To match the cash payments with the revenues earned during the period

Correct Answer

Correct Option:

To match the expenses with the cash payments made during the period

This is Post Utme Esut 2017 Accounting Question 27. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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