Post Utme Ksu 2023 Accounting Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice

Question 2 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A government agency is required to prepare a budget that is based on the cash basis of accounting. Which of the following transactions would be recorded as a revenue in the current period?

Correct Answer A. Receipt of cash from a grant

B. Payment of cash for a service rendered

C. Accrual of interest on a loan

D. Accrual of rent due

Correct Answer

Correct Option:

Receipt of cash from a grant

This is Post Utme Ksu 2023 Accounting Question 2. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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