Post Utme Ui 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company's trading account shows a profit of ₦50,000. If the company's capital is ₦100,000 and the drawings are ₦20,000, what is the company's retained earnings?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Ui 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

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