Post Utme Pan Atlantic University 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦20,000 decrease
B. ₦20,000 increase
C. ₦10,000 decrease
D. ₦10,000 increase
Correct Answer
A
Correct Option:
₦20,000 decrease

About This Question

This is Post Utme Pan Atlantic University 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Accounting examination.

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