Post Utme Pan Atlantic University 2021 Accounting Question 18
Practice objective / multiple choice question 18 from the 2021 Post Utme Pan Atlantic University Accounting examination.
A company's trading account for the year ended 31st December 2021 shows a profit of ₦1,500,000. The balance on the profit and loss account is ₦2,000,000. The balance on the capital account is ₦3,500,000. The company's issued share capital is ₦5,000,000. Calculate the company's retained earnings at the end of the year.
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This is Post Utme Pan Atlantic University 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.
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