Post Utme Wellspring University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A government agency is responsible for collecting taxes from citizens. The agency has a budget of ₦10,000,000, which is allocated as follows: ₦3,000,000 for salaries, ₦2,000,000 for office expenses, and ₦5,000,000 for capital expenditures. Using the public sector accounting principles, prepare a budget statement for the agency.

Answer Options

A. ₦3,000,000
B. ₦5,000,000
C. ₦7,000,000
Correct Answer D. ₦10,000,000
Correct Answer
D
Correct Option:
₦10,000,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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