Post Utme Wellspring University 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has two departments: A and B. Department A has a budget of ₦1,000,000, while department B has a budget of ₦500,000. The company's accountant has prepared the following departmental accounts: Department A: ₦800,000, Department B: ₦300,000. Using the departmental accounting method, prepare a statement of financial position for the company.

Answer Options

A. ₦1,300,000
B. ₦1,500,000
Correct Answer C. ₦1,800,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,800,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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