Post Utme Futo 2025 Accounting Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Futo Accounting examination.

Post Utme Futo 2025 Accounting Objective / Multiple Choice

Question 28 POST_UTME_FUTO • 2025 • ACCOUNTING • objective

A company's financial statements are prepared in accordance with the Public Sector Accounting Standards (PSAS). Which of the following statements is true about the PSAS?

A. PSAS is applicable to all types of organizations

B. PSAS is only applicable to government entities

C. PSAS is a set of accounting standards for the private sector

Correct Answer D. PSAS is a set of accounting standards for the public sector

Correct Answer

Correct Option:

PSAS is a set of accounting standards for the public sector

This is Post Utme Futo 2025 Accounting Question 28. It is one of the objective questions from the 2025 Post Utme Futo Accounting examination.

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