Post Utme Pan Atlantic University 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2021 shows the following balances: ₦1,000,000 in cash, ₦2,000,000 in accounts receivable, ₦3,000,000 in inventory, ₦4,000,000 in property, plant, and equipment, and ₦5,000,000 in long-term debt. Calculate the company's working capital.

Answer Options

Correct Answer A. ₦6,000,000
B. ₦7,000,000
C. ₦8,000,000
D. ₦9,000,000
Correct Answer
A
Correct Option:
₦6,000,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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