Post Utme Noun 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Noun Accounting examination.

Post Utme Noun 2017 Accounting Objective / Multiple Choice

Question 18 POST_UTME_NOUN • 2017 • ACCOUNTING • objective

A public sector organization has the following transactions: Revenue ₦100,000, Expenditure ₦80,000. What is the net effect of these transactions on the organization's financial position?

A. Increases assets and decreases liabilities.

B. Decreases assets and increases liabilities.

C. Increases liabilities and decreases equity.

Correct Answer D. Decreases liabilities and increases equity.

Correct Answer

Correct Option:

Decreases liabilities and increases equity.

This is Post Utme Noun 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.

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