While analyzing the opening and closing balance sheet of a company the following are observed : Total increase in current assets ₹20,000 Total increase in current liabilities ₹80,000 Total decrease in current assets ₹1,3
CS Executive · Cost and Management Accounting · PYQS · December 2017
While analyzing the opening and closing balance sheet of a company the following are observed : Total increase in current assets ₹20,000 Total increase in current liabilities ₹80,000 Total decrease in current assets ₹1,30,000 Total decrease in current liabilities ₹30,000 The net change in working capital is: (A) No change in working capital (B) Net increase in working capital ₹1,60,000 (C) Net decrease in working capital ₹60,000 (D) None of the above
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Fund Flow Statement
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