Post Utme Afe Babalola University 2025 Accounting Question 23
Practice objective / multiple choice question 23 from the 2025 Post Utme Afe Babalola University Accounting examination.
A company's balance sheet as at 31st December 2024, showed the following: Share capital ₦5,000,000, Reserves ₦1,500,000, and a loan of ₦2,000,000 from a bank. The company also had a profit of ₦1,500,000 for the year. Calculate the company's retained earnings at the end of the year.
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This is Post Utme Afe Babalola University 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Accounting examination.
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