Post Utme Ui 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Assets ₦500,000, Liabilities ₦200,000, and Equity ₦300,000. If the company's net income is ₦200,000, what is the company's retained earnings?

Answer Options

Correct Answer A. ₦400,000
B. ₦350,000
C. ₦300,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Ui 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

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