Post Utme Bells University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has a capital of ₦1,000,000 and a profit of ₦500,000. Calculate the company's retained earnings.

Answer Options

Correct Answer A. ₦1,500,000
B. ₦1,000,000
C. ₦500,000
D. ₦0
Correct Answer
A
Correct Option:
₦1,500,000

About This Question

This is Post Utme Bells University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support