Post Utme Lasu 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Lasu Commerce examination.

Post Utme Lasu 2024 Commerce Objective / Multiple Choice
Question 31 POST_UTME_LASU • 2024 • COMMERCE • objective

A company's financial statements are audited annually. The audit report reveals that the company's cash balance has increased by 15% over the previous year, while its accounts receivable have decreased by 10%. What is the most likely explanation for this phenomenon?

Answer Options

Correct Answer A. The company has improved its cash management practices.
B. The company has reduced its accounts receivable by increasing its sales.
C. The company has increased its cash balance by reducing its accounts payable.
D. The company has improved its accounts receivable management practices.
Correct Answer
A
Correct Option:
The company has improved its cash management practices.

About This Question

This is Post Utme Lasu 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Lasu Commerce examination.

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