Post Utme Futo 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Futo Accounting examination.

Post Utme Futo 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_FUTO • 2022 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The company's accounts payable account shows a debit balance of ₦2,000,000. The company's accounts receivable account shows a credit balance of ₦1,500,000. What is the company's net working capital?

Answer Options

A. ₦500,000
B. ₦750,000
Correct Answer C. ₦1,000,000
D. ₦1,250,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Futo 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.

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