Post Utme Futa 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice

Question 18 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A government agency received £ 10,000 from the treasury to cover the cost of a project. The project was completed at a cost of £ 12,000. Prepare the journal entry to record the transaction.

Correct Answer A. Debit Project Expenses £ 12,000, Credit Cash £ 10,000

B. Debit Project Expenses £ 12,000, Credit Cash £ 12,000

C. Debit Project Expenses £ 10,000, Credit Cash £ 12,000

D. Debit Project Expenses £ 12,000, Credit Cash £ 10,000

Correct Answer

Correct Option:

Debit Project Expenses £ 12,000, Credit Cash £ 10,000

This is Post Utme Futa 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

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