Post Utme Lasu 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company uses the accrual method of accounting. If the company's accounts payable balance is ₦50,000 and the company's accounts receivable balance is ₦30,000, what is the company's net working capital?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Lasu 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Lasu 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