Post Utme Skyline University 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦20,000 increase
B. ₦20,000 decrease
C. ₦50,000 increase
D. ₦30,000 increase
Correct Answer
A
Correct Option:
₦20,000 increase

About This Question

This is Post Utme Skyline University 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Skyline University Accounting examination.

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