Post Utme Redeemers University 2020 Accounting Question 3
Practice objective / multiple choice question 3 from the 2020 Post Utme Redeemers University Accounting examination.
A company's balance sheet as at 31st December 2020 showed the following balances: ₦1,500,000 in the trading account, ₦500,000 in the profit and loss account, and ₦2,000,000 in the capital account. 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 3. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.
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