Post Utme Delsu 2017 Accounting Question 5
Practice objective / multiple choice question 5 from the 2017 Post Utme Delsu Accounting examination.
A company's balance sheet as at 31st December 2022 shows an increase in the value of its assets of ₦500,000. The company's profit for the year ended 31st December 2022 is ₦1,500,000. The company's capital account shows a balance of ₦500,000. Calculate the company's retained earnings as at 31st December 2022.
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About This Question
This is Post Utme Delsu 2017 Accounting Question 5. It is one of the objective questions from the 2017 Post Utme Delsu Accounting examination.
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