Post Utme Lead City University 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A public sector organization has a budget of ₦1,500,000 for the year. The organization has the following expenses: salaries (₦800,000), rent (₦200,000), utilities (₦150,000), and miscellaneous (₦100,000). What is the percentage of the budget spent on salaries?

Answer Options

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

About This Question

This is Post Utme Lead City University 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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