Post Utme Osustech 2023 Accounting Question 36
Practice objective / multiple choice question 36 from the 2023 Post Utme Osustech Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The balance sheet as at 31st December 2021 showed a capital of ₦2,000,000. The company issued 20,000 shares of ₦10 each on 1st January 2022. The company also declared a dividend of 20% on its share capital. Calculate the company's retained earnings as at 31st December 2022.
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About This Question
This is Post Utme Osustech 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.
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