Post Utme Redeemers University 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Common Stock ₦100,000. If the company's total assets are ₦250,000, calculate the amount of retained earnings.

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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