Post Utme Al Hikmah University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows an increase in its current assets of ₦50,000 and a decrease in its current liabilities of ₦20,000. What is the net effect on the company's working capital?

Answer Options

Correct Answer A. Increase of ₦30,000
B. Decrease of ₦30,000
C. No change
D. Increase of ₦70,000
Correct Answer
A
Correct Option:
Increase of ₦30,000

About This Question

This is Post Utme Al Hikmah University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.

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