Post Utme Lasu 2022 Accounting Question 23
Practice objective / multiple choice question 23 from the 2022 Post Utme Lasu Accounting examination.
A company's income statement for the year ended 31st December, 2022 is as follows: Sales Revenue ₦ 150,000, Cost of Goods Sold ₦ 80,000, Gross Profit ₦ 70,000, Operating Expenses ₦ 30,000, Net Income ₦ 40,000. Prepare the company's statement of retained earnings for the year ended 31st December, 2022.
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This is Post Utme Lasu 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.
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