Post Utme Joseph Ayo Babalola University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet showed a decrease in inventory of ₦20,000 and an increase in accounts payable of ₦15,000. What is the effect on the company's net working capital?

Answer Options

A. ₦5,000 increase
Correct Answer B. ₦5,000 decrease
C. ₦5,000 increase
D. ₦5,000 decrease
Correct Answer
B
Correct Option:
₦5,000 decrease

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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