Post Utme Summit University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A government agency is responsible for collecting taxes on behalf of the government. The agency collects ₦1,000,000 in taxes and pays ₦200,000 as salaries to its employees. Calculate the amount of taxes collected by the agency.

Answer Options

A. ₦800,000
B. ₦900,000
Correct Answer C. ₦1,000,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Summit University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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