Post Utme Greenfield University 2022 Accounting Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 4 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following balance sheet as at 31st December 2022: Assets: ₦1,000,000 Liabilities: ₦800,000 Share capital: ₦200,000 Using the accounting equation, calculate the retained earnings.

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 4. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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