Waec Model Questions Vol1 2025 Financial Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Hard Difficulty
Question 31 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A local government authority has a budget of ₦5,000,000 for community development projects. During the year, it spent ₦2,500,000 on infrastructure, ₦1,200,000 on health services, and ₦800,000 on education. If the remaining budget is to be allocated equally to three new projects, how much will each project receive?

Answer Options

A. ₦1,000,000.00
Correct Answer B. ₦166,666.67
C. ₦500,000.00
D. ₦200,000.00
Correct Answer
B
Correct Option:
₦166,666.67

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 31. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Hard .

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