Post Utme Futo 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A government agency prepares a budget for the year. The budget includes an appropriation of ₦1,000,000 for salaries. The actual expenditure for salaries is ₦1,200,000. What is the variance between the budgeted and actual expenditure?

Answer Options

Correct Answer A. ₦200,000
B. ₦1,200,000
C. ₦1,000,000
D. ₦0
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Futo 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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