Post Utme Futa 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company's trial balance shows a credit balance of ₡0 million in the sales account. The company's capital structure consists of ₢0 million ordinary shares and ₣0 million 10% preference shares. Calculate the amount of retained earnings.

Answer Options

A. ₢0 million
B. ₣0 million
Correct Answer C. ₤0 million
D. ₥0 million
Correct Answer
C
Correct Option:
₤0 million

About This Question

This is Post Utme Futa 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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