Post Utme Covenant University 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, shows the following: 'Cash 20,000, Bank 30,000, Debtors 40,000, Creditors 10,000'. What is the company's net current assets?

Answer Options

Correct Answer A. 60,000
B. 50,000
C. 40,000
D. 30,000
Correct Answer
A
Correct Option:
60,000

About This Question

This is Post Utme Covenant University 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

View More Post Utme Covenant University 2018 Accounting Questions More Post Utme Covenant University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support