Post Utme Aaua 2017 Accounting Question 24
Practice objective / multiple choice question 24 from the 2017 Post Utme Aaua Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The balance on the profit and loss account at the beginning of the year was ₦200,000. The company's retained earnings at the beginning of the year were ₦500,000. The company declared a dividend of ₦300,000 during the year. What is the company's retained earnings at the end of the year?
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About This Question
This is Post Utme Aaua 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.
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