Post Utme Oau 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A company prepares its financial statements in accordance with the accrual accounting method. At the end of the year, the company has the following accounts: Rent Expense (₦50,000), Salaries Expense (₦30,000), and Utilities Expense (₦20,000). What is the total amount of expenses for the year?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Oau 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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