Post Utme Madonna University 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_MADONNA_UNIVERSITY • 2023 • ACCOUNTING • objective

A public sector organization has a budget of ₦1.2 billion for the year. The organization has a 20% contingency fund, which is not included in the budget. If the organization spends 80% of the budget, how much is left for the contingency fund?

Answer Options

A. ₦192 million
Correct Answer B. ₦240 million
C. ₦288 million
D. ₦360 million
Correct Answer
B
Correct Option:
₦240 million

About This Question

This is Post Utme Madonna University 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Madonna University Accounting examination.

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