Post Utme Futo 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Futo Accounting examination.

Post Utme Futo 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_FUTO • 2023 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its current assets by ₦150,000 and an increase in its current liabilities by ₦200,000. What is the effect on its working capital?

Answer Options

A. Increase of ₦50,000
Correct Answer B. Decrease of ₦50,000
C. No effect on working capital
D. Increase of ₦50,000 but decrease of ₦50,000 in the next period
Correct Answer
B
Correct Option:
Decrease of ₦50,000

About This Question

This is Post Utme Futo 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Futo Accounting examination.

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