Post Utme Coal City University 2021 Accounting Question 16
Practice objective / multiple choice question 16 from the 2021 Post Utme Coal City University Accounting examination.
A company's trading account for the year ended 31st December 2020 showed a profit of ₦1,00,000. The company's profit and loss account also showed a gain of ₦1,00,000 on the revaluation of assets. The company's balance sheet as at 31st December 2020 showed a decrease in equity of ₦1,00,000. Calculate the company's retained earnings as at 31st December 2020.
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About This Question
This is Post Utme Coal City University 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Coal City University Accounting examination.
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