Post Utme Oau 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. If the agency receives ₦50,000 in revenue and pays ₦30,000 in expenses, what is the net increase in assets?

Answer Options

Correct Answer A. ₦20,000
B. ₦15,000
C. ₦10,000
D. ₦5,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Oau 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

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