Post Utme Al Hikmah University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Fixed assets: ₦1,500,000 Current assets: ₦1,200,000 Total assets: ₦2,700,000 Equity: ₦1,200,000 Long-term liabilities: ₦800,000 Short-term liabilities: ₦600,000 What is the amount of working capital?

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦600,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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