Post Utme Elizade University 2024 Accounting Question 14
Practice objective / multiple choice question 14 from the 2024 Post Utme Elizade University Accounting examination.
A company's balance sheet as at 31st December 2023 shows a total equity of ₦3,500,000. The company's profit and loss account for the same period shows a profit of ₦2,000,000. The company's retained earnings as at 31st December 2022 were ₦1,000,000. Calculate the company's retained earnings.
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This is Post Utme Elizade University 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.
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