Post Utme Al Hikmah University 2023 Accounting Question 40
Practice objective / multiple choice question 40 from the 2023 Post Utme Al Hikmah University Accounting examination.
A company's trial balance shows the following accounts: Cash: ₦50,000, Accounts Payable: ₦30,000, and Sales Revenue: ₦40,000. However, the company's financial statements show a net income of ₦10,000. What is the correct balance of the company's retained earnings?
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About This Question
This is Post Utme Al Hikmah University 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.
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