Post Utme Redeemers University 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A government agency received a grant of ₦500,000 to construct a road. The agency spent ₦300,000 on labor and ₦150,000 on materials. Calculate the amount of cash received from the grant.

Answer Options

A. ₦500,000
Correct Answer B. ₦450,000
C. ₦450,000
D. ₦450,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support