Post Utme Pan Atlantic University 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A government agency is responsible for collecting taxes on behalf of the government. The agency collects ₦2,000,000 in taxes and pays ₦400,000 in salaries. What is the net amount collected by the agency?

Answer Options

Correct Answer A. ₦1,600,000
B. ₦1,800,000
C. ₦2,000,000
D. ₦2,400,000
Correct Answer
A
Correct Option:
₦1,600,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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