Post Utme Futa 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A company has the following balance sheet: Assets: ₦100,000 cash ₦50,000 accounts receivable ₦20,000 inventory Liabilities: ₦30,000 accounts payable ₦20,000 loans payable What is the net working capital of the company?

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Futa 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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