Post Utme Futa 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

A company's financial statements show a net income of ₦500,000. However, the company's cash flow statement shows a net decrease of ₦200,000. What is the reason for the discrepancy?

Answer Options

A. Accruals and deferrals
Correct Answer B. Non-cash items
C. Changes in working capital
D. Error in accounting
Correct Answer
B
Correct Option:
Non-cash items

About This Question

This is Post Utme Futa 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

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