Post Utme Delsu 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Delsu Accounting examination.

Post Utme Delsu 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_DELSU • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following: Assets ₦500,000, Liabilities ₦200,000, and Share Capital ₦300,000. Calculate the amount of retained earnings.

Answer Options

A. ₦0
B. ₦50,000
Correct Answer C. ₦100,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Delsu 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Delsu Accounting examination.

View More Post Utme Delsu 2024 Accounting Questions More Post Utme Delsu Practice Questions Back to Questions

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