Post Utme Uniben 2018 Accounting Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Uniben Accounting examination.

Post Utme Uniben 2018 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNIBEN • 2018 • ACCOUNTING • objective

A company uses the percentage of completion method to value its construction contracts. At the end of the current year, it has completed 75% of a contract that was valued at ₦1,500,000. What is the value of the contract at the end of the current year?

Answer Options

Correct Answer A. ₦1,125,000
B. ₦1,500,000
C. ₦1,875,000
D. ₦2,250,000
Correct Answer
A
Correct Option:
₦1,125,000

About This Question

This is Post Utme Uniben 2018 Accounting Question 9. It is one of the objective questions from the 2018 Post Utme Uniben 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