Post Utme Uniosun 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting to record its financial transactions. What is the main advantage of using the accrual basis of accounting?

Answer Options

A. It provides a true and fair view of the financial position of the agency.
Correct Answer B. It helps to match the costs with the revenues.
C. It provides a cash basis of accounting.
D. It helps to reduce the tax liability of the agency.
Correct Answer
B
Correct Option:
It helps to match the costs with the revenues.

About This Question

This is Post Utme Uniosun 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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