Post Utme Skyline University 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trading account shows a profit of ₦150,000. If the company's profit and loss account shows a net profit of ₦180,000, what is the amount transferred to the retained earnings account?

Answer Options

Correct Answer A. ₦30,000
B. ₦20,000
C. ₦10,000
D. ₦5,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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