Post Utme Uniosun 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNIOSUN • 2018 • ACCOUNTING • objective

A company's financial statements show a profit of ₦200,000. However, the company's cash flow statement shows a net cash outflow of ₦100,000. What is the correct explanation for this discrepancy?

Answer Options

A. The company has a high level of accounts receivable
Correct Answer B. The company has a high level of accounts payable
C. The company has a high level of inventory
D. The company has a high level of depreciation
Correct Answer
B
Correct Option:
The company has a high level of accounts payable

About This Question

This is Post Utme Uniosun 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Uniosun Accounting examination.

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