Post Utme Elizade University 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance as at 31st December 2021 shows the following balances: Debtors ₦1,200,000, Creditors ₦800,000, and Capital ₦2,000,000. What is the company's net current asset position as at 31st December 2021?

Answer Options

Correct Answer A. ₦400,000
B. ₦1,200,000
C. ₦1,600,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Elizade University 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

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