Post Utme Lautech 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A public sector organization has a budget of ₦1,500,000 for the year. The organization has the following expenses: salaries ₦600,000, rent ₦200,000, utilities ₦150,000, and miscellaneous ₦100,000. What is the percentage of the budget spent on salaries?

Answer Options

A. 30%
B. 40%
Correct Answer C. 50%
D. 60%
Correct Answer
C
Correct Option:
50%

About This Question

This is Post Utme Lautech 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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