Post Utme Bells University 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Common Stock ₦200,000. If the company's total assets are ₦500,000, calculate the amount of retained earnings.

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦150,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Bells University 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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