Post Utme Lautech 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Lautech Accounting examination.

Post Utme Lautech 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_LAUTECH • 2023 • ACCOUNTING • objective

A government agency is responsible for collecting taxes on behalf of the state. The agency has a budget of ₦500,000, which is allocated as follows: 30% for personnel costs, 20% for operational expenses, and 50% for capital expenditures. If the agency has already spent ₦120,000 on personnel costs, how much is left for capital expenditures?

Answer Options

A. ₦200,000
Correct Answer B. ₦220,000
C. ₦240,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Lautech 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.

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