Thursday 18 February 2016

Cima P1 Exam Question No 40

Question No 40:

Which ONE of the following transactions will affect the overall amount of working capital?

A.
Receipt of the full amount of cash from a trade receivable
B.
Payment of an account payable
C.
Sale of a non-current asset on credit at its net book value
D.
Purchase of inventory on credit

Answer: C


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