Post Utme Noun 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its current assets of ₦50,000 and an increase in its current liabilities of ₦30,000. What is the effect on the company's net working capital?

Answer Options

A. Increase in net working capital of ₦20,000
Correct Answer B. Decrease in net working capital of ₦20,000
C. No change in net working capital
D. Increase in net working capital of ₦20,000
Correct Answer
B
Correct Option:
Decrease in net working capital of ₦20,000

About This Question

This is Post Utme Noun 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

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