Post Utme Redeemers University 2020 Accounting Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Redeemers University Accounting examination.
A company's trading account for the year ended 31st December 2020 showed a profit of ₦1,500,000. The balance on the profit and loss account was ₦500,000. The balance on the capital account was ₦2,000,000. The company's share capital was ₦3,000,000. What was the company's retained earnings at the end of the year?
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About This Question
This is Post Utme Redeemers University 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.
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