Post Utme Covenant University 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's financial statements show a decrease in its current liabilities by ₦30,000 and an increase in its non-current assets by ₦40,000. What is the net effect on the company's working capital?

Answer Options

Correct Answer A. ₦10,000 increase
B. ₦10,000 decrease
C. ₦30,000 increase
D. ₦30,000 decrease
Correct Answer
A
Correct Option:
₦10,000 increase

About This Question

This is Post Utme Covenant University 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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