Post Utme Uniben 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2017, showed a total equity of ₦1,000,000. If the company's retained earnings as at December 31, 2017, were ₦800,000, what is the total profit for the year ended December 31, 2018?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Uniben 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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