Post Utme Bells University 2017 Accounting Question 18
Practice objective / multiple choice question 18 from the 2017 Post Utme Bells University Accounting examination.
A company's balance sheet as at 31st December 2022, showed a total equity of ₦5,000,000. The company's profit and loss account for the year ended 31st December 2022, showed a net profit of ₦2,500,000. Calculate the company's retained earnings as at 31st December 2022.
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About This Question
This is Post Utme Bells University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.
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