Post Utme Uniport 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Uniport Accounting examination.

Post Utme Uniport 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2025 • ACCOUNTING • objective

A company uses the accrual method of accounting. If the company's accounts payable increased by ₦30,000 during the year and its accounts receivable increased by ₦20,000, what is the net increase in current liabilities?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Uniport 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Uniport Accounting examination.

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