Post Utme Wellspring University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A public sector organization's financial statements for the year ended 31 December 2022 are as follows: Revenue ¦1,500,000; Expenditure ¦1,800,000; Surplus/(Deficit) ¦1,200,000. What is the organization's financial position?

Answer Options

Correct Answer A. Surplus
B. Deficit
C. Break-even
D. Unknown
Correct Answer
A
Correct Option:
Surplus

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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