Post Utme Futo 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice

Question 30 POST_UTME_FUTO • 2024 • ACCOUNTING • objective

A company's financial statements are prepared using the accrual accounting method. What is the primary advantage of this method?

Correct Answer A. It matches revenues and expenses with the period in which they are earned

B. It matches revenues and expenses with the period in which they are paid

C. It matches revenues and expenses with the period in which they are received

D. It matches revenues and expenses with the period in which they are incurred

Correct Answer

Correct Option:

It matches revenues and expenses with the period in which they are earned

This is Post Utme Futo 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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