Post Utme Bells University 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A 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.

Answer Options

A. ₦2,300,000
Correct Answer B. ₦2,500,000
C. ₦3,000,000
D. ₦3,500,000
Correct Answer
B
Correct Option:
₦2,500,000

About This Question

This is Post Utme Bells University 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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