Post Utme Lasu 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Lasu Accounting examination.

Post Utme Lasu 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LASU • 2019 • ACCOUNTING • objective

A government agency receives a grant of ₦1,000,000. The grant is to be used for a specific project. What type of account should be used to record the grant?

Answer Options

A. Revenue Account
B. Expenditure Account
C. Capital Account
Correct Answer D. Special Purpose Account
Correct Answer
D
Correct Option:
Special Purpose Account

About This Question

This is Post Utme Lasu 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.

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