Post Utme Noun 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its current assets of ₦40,000 and an increase in its current liabilities of ₦25,000. What is the effect on the company's net working capital?

Answer Options

Correct Answer A. Decrease in net working capital of ₦15,000
B. Increase in net working capital of ₦15,000
C. No change in net working capital
D. Decrease in net working capital of ₦15,000
Correct Answer
A
Correct Option:
Decrease in net working capital of ₦15,000

About This Question

This is Post Utme Noun 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

View More Post Utme Noun 2020 Accounting Questions More Post Utme Noun Practice Questions Back to Questions

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