Post Utme Lautech 2021 Accounting Question 39
Practice objective / multiple choice question 39 from the 2021 Post Utme Lautech Accounting examination.
A company's trading account for the year ended 31st December 2020 showed a profit of ₦1,500,000. The company's profit and loss account for the year ended 31st December 2020 showed a net profit of ₦2,500,000. The company's balance sheet as at 31st December 2020 showed a total equity of ₦8,000,000. Calculate the company's retained earnings as at 31st December 2020.
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About This Question
This is Post Utme Lautech 2021 Accounting Question 39. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.
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