Post Utme Futo 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Futo Accounting examination.

Post Utme Futo 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_FUTO • 2022 • ACCOUNTING • objective

A government agency has the following transactions for the year: - Received ₦500,000 from the treasury - Issued ₦200,000 worth of goods to a charity - Paid ₦150,000 for rent - Collected ₦300,000 in fines - Paid ₦100,000 in salaries What is the total amount of revenue for the year?

Answer Options

A. ₦550,000
Correct Answer B. ₦600,000
C. ₦650,000
D. ₦700,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Futo 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.

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