Post Utme Ksu 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A company's accounting policy requires the use of the accrual basis of accounting. Which of the following transactions would be recorded as an expense in the current period?

Answer Options

A. Rent paid in advance
B. Salaries earned but not paid
Correct Answer C. Depreciation of a machine
D. Interest received on a loan
Correct Answer
C
Correct Option:
Depreciation of a machine

About This Question

This is Post Utme Ksu 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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