Post Utme Ui 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UI • 2024 • 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 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 Ui 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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