Post Utme Greenfield University 2022 Accounting Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 5 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following financial statements for the year ended 31st December 2022: Trading and profit and loss account: ₦500,000 Balance sheet: ₦1,000,000 Using the accounting equation, calculate the retained earnings.

Answer Options

A. ₦200,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦500,000
Correct Answer
D
Correct Option:
₦500,000

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 5. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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