Post Utme Summit University 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

A government agency receives a grant of 100,000. The grant is to be used for a specific project. The project is completed in 6 months. Calculate the amount of the grant that should be recognized as revenue for the 6-month period:

Answer Options

Correct Answer A. 16,667
B. 20,000
C. 25,000
D. 30,000
Correct Answer
A
Correct Option:
16,667

About This Question

This is Post Utme Summit University 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

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