Post Utme Ui 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Ui Accounting examination.

Post Utme Ui 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UI • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: ₦500,000 in cash, ₦300,000 in accounts receivable, ₦200,000 in inventory, ₦100,000 in prepaid expenses, ₦150,000 in accounts payable, ₦250,000 in long-term loans. Calculate the company's working capital.

Answer Options

A. ₦550,000
B. ₦650,000
Correct Answer C. ₦750,000
D. ₦850,000
Correct Answer
C
Correct Option:
₦750,000

About This Question

This is Post Utme Ui 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.

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