Post Utme Covenant University 2022 Accounting Question 32
Practice objective / multiple choice question 32 from the 2022 Post Utme Covenant University Accounting examination.
A company has the following self-balancing ledger accounts: Cash ₦50,000, Accounts Payable ₦30,000, and Sales ₦40,000. If the company's total assets are ₦250,000, and its total liabilities are ₦120,000, what is the amount of the company's retained earnings?
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This is Post Utme Covenant University 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.
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