Post Utme Noun 2025 Accounting Question 1
Practice objective / multiple choice question 1 from the 2025 Post Utme Noun Accounting examination.
A company's trading account for the year ended 31st December 2024 shows a profit of ₦1,500,000. The balance on the profit and loss account is ₦250,000. The balance on the capital account is ₦500,000. The company's issued share capital is ₦5,000,000 divided into 5,000,000 ordinary shares of ₦1 each. The company's retained earnings balance as at 1st January 2024 was ₦2,000,000. Calculate the company's retained earnings balance as at 31st December 2024.
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This is Post Utme Noun 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.
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