Post Utme Esut 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice

Question 11 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company's financial statements are prepared using the accrual basis of accounting. Which of the following is a characteristic of the accrual basis?

Correct Answer A. Matching of revenues and expenses with the period in which they are earned or incurred

B. Matching of cash inflows and outflows with the period in which they are received or paid

C. Matching of revenues with the period in which they are received

D. Matching of expenses with the period in which they are paid

Correct Answer

Correct Option:

Matching of revenues and expenses with the period in which they are earned or incurred

This is Post Utme Esut 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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