Post Utme Uniosun 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNIOSUN • 2021 • ACCOUNTING • objective

A government agency's public sector accounting system shows a revenue of ₦500,000. Its expenditure is ₦400,000. What is the net effect on the agency's financial position?

Answer Options

Correct Answer A. ₦100,000 surplus
B. ₦100,000 deficit
C. ₦500,000 surplus
D. ₦500,000 deficit
Correct Answer
A
Correct Option:
₦100,000 surplus

About This Question

This is Post Utme Uniosun 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.

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