Post Utme Futo 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company's trial balance shows the following balances: Cash ₦1,000,000; Accounts receivable ₦500,000; and Inventory ₦800,000. If the company's net working capital is ₦1,500,000, what is the amount of cash that should be reported as a current asset?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Futo 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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