Post Utme Summit University 2022 Accounting Question 28
Practice objective / multiple choice question 28 from the 2022 Post Utme Summit University Accounting examination.
A company's trading account for the year ended 31st December 2022, showed a profit of ₦2,500,000. The balance sheet as at 31st December 2021, showed a capital of ₦3,500,000 and a profit and loss account balance of ₦1,200,000. The company's balance sheet as at 31st December 2022, showed a capital of ₦4,000,000 and a profit and loss account balance of ₦2,000,000. Calculate the amount of dividends paid to the shareholders.
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About This Question
This is Post Utme Summit University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Summit University Accounting examination.
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