Post Utme Elizade University 2017 Accounting Question 1
Practice objective / multiple choice question 1 from the 2017 Post Utme Elizade University Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2022 shows an increase in the value of its investments of ₦2,000,000. The company's retained earnings as at 31st December 2021 were ₦1,000,000. What is the company's retained earnings as at 31st December 2022?
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About This Question
This is Post Utme Elizade University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.
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