Post Utme Rhema University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. If the agency receives ₦100,000 in revenue and incurs ₦50,000 in expenses, what is the net increase in assets?

Answer Options

Correct Answer A. ₦50,000
B. ₦100,000
C. ₦50,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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