Post Utme Veritas University 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A public sector organization has the following transactions: Revenue: ₦100,000, Expenditure: ₦80,000, and Capital Expenditure: ₦20,000. What is the net result of these transactions?

Answer Options

Correct Answer A. ₦20,000 surplus
B. ₦20,000 deficit
C. ₦40,000 surplus
D. ₦40,000 deficit
Correct Answer
A
Correct Option:
₦20,000 surplus

About This Question

This is Post Utme Veritas University 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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