Waec Model Questions Vol1 2025 Financial Accounting Question 38

Practice objective / multiple choice question 38 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Hard Difficulty
Question 38 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A government agency has a budget of ₦1,000,000 for the year. During the year, it spent ₦600,000 on salaries, ₦200,000 on infrastructure, and ₦150,000 on supplies. If the agency receives an additional ₦100,000 in funding, what is the remaining budget at the end of the year?

Answer Options

A. 100000
Correct Answer B. 150000
C. 250000
D. 200000
Correct Answer
B
Correct Option:
150000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 38. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Hard .

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