Post Utme Bells University 2024 Accounting Question 26
Practice objective / multiple choice question 26 from the 2024 Post Utme Bells University Accounting examination.
A company's trading account for the year ended 31st December 2023 shows a profit of ₦1,500,000. The balance on the Profit and Loss Account is ₦800,000. The company's Balance Sheet as at 31st December 2023 shows a capital of ₦2,500,000. The company's drawings for the year were ₦200,000. Calculate the company's retained earnings for the year.
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About This Question
This is Post Utme Bells University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.
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