Post Utme Ui 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. If the company's net income is ₦150,000, what is the company's retained earnings?

Answer Options

Correct Answer A. ₦250,000
B. ₦200,000
C. ₦150,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Ui 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support