Post Utme Greenfield University 2022 Accounting Question 35
Practice objective / multiple choice question 35 from the 2022 Post Utme Greenfield 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 2021 showed a capital of ₦1,200,000. The company issued 10,000 shares of ₦10 each on 1st January 2022. Calculate the company's retained earnings as at 31st December 2022.
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This is Post Utme Greenfield University 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.
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