Post Utme Rsu 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Rsu Accounting examination.

Post Utme Rsu 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_RSU • 2019 • ACCOUNTING • objective

A company's trading account shows a profit of ₦100,000. The company's profit and loss account shows a net profit of ₦150,000. The company's balance sheet shows a total equity of ₦250,000. What is the correct amount of the company's retained earnings?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Rsu 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Rsu Accounting examination.

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