Post Utme Lead City University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A public sector organization uses the accrual basis of accounting. What is the accounting treatment for the following transaction: 'Received ₦10000 from the government for services rendered'?

Answer Options

Correct Answer A. ₦10000
B. ₦5000
C. ₦2000
D. ₦0
Correct Answer
A
Correct Option:
₦10000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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