Post Utme Veritas University 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A government agency uses the accrual basis of accounting. If the agency receives ₦500,000 in cash and also receives ₦200,000 in accounts receivable, what is the total amount of revenue for the period?

Answer Options

Correct Answer A. ₦700,000
B. ₦600,000
C. ₦500,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Veritas University 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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