Post Utme Bsu 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Bsu Accounting examination.

Post Utme Bsu 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_BSU • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₹50,000, Sales ₹1,50,000, Cost of Goods Sold ₹75,000, and Common Stock ₹1,00,000. What is the correct balance of the company's retained earnings?

Answer Options

A. ₹25,000
B. ₹50,000
C. ₹75,000
Correct Answer D. ₹1,00,000
Correct Answer
D
Correct Option:
₹1,00,000

About This Question

This is Post Utme Bsu 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Bsu 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