Post Utme Veritas University 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_VERITAS_UNIVERSITY • 2019 • 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 net working capital?

Answer Options

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

About This Question

This is Post Utme Veritas University 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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