Post Utme Greenfield University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. The agency's income statement for the year ended 31 Dec shows the following: | Particulars | ₦ | ₦ | | --- | --- | --- | | Revenue | | 1,500,000 | | Expenses | 800,000 | | | Profit | | 700,000 | What is the agency's current assets at 31 Dec?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,500,000
C. ₦1,800,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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