Post Utme Covenant University 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its current assets by ₦50,000 and an increase in its non-current liabilities by ₦75,000. What is the net effect on the company's working capital?

Answer Options

A. ₦25,000 decrease
Correct Answer B. ₦25,000 increase
C. ₦50,000 decrease
D. ₦75,000 decrease
Correct Answer
B
Correct Option:
₦25,000 increase

About This Question

This is Post Utme Covenant University 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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