Post Utme Nile University 2017 Commerce Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice
Question 2 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

A company's financial statements show a net income of ₦150,000, but its cash flow statement shows a net cash outflow of ₦200,000. What is the most likely reason for this discrepancy?

Answer Options

A. The company has invested in new equipment
B. The company has paid off debts
Correct Answer C. The company has made an error in its financial reporting
D. The company has experienced a decline in sales
Correct Answer
C
Correct Option:
The company has made an error in its financial reporting

About This Question

This is Post Utme Nile University 2017 Commerce Question 2. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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