Post Utme Elizade University 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows a capital of ₦600,000. The company's profit for the year ended 31st December 2022 is ₦220,000. Calculate the company's retained profit for the year ended 31st December 2022.

Answer Options

A. ₦780,000
B. ₦800,000
Correct Answer C. ₦820,000
D. ₦840,000
Correct Answer
C
Correct Option:
₦820,000

About This Question

This is Post Utme Elizade University 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.

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