Post Utme Aaua 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. If the company has a debit balance of ₦100,000 in the accounts payable account and a credit balance of ₦150,000 in the accounts receivable account, what is the net effect on the company's working capital?

Answer Options

Correct Answer A. ₦50,000 increase
B. ₦50,000 decrease
C. ₦100,000 increase
D. ₦100,000 decrease
Correct Answer
A
Correct Option:
₦50,000 increase

About This Question

This is Post Utme Aaua 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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