Post Utme Uniben 2020 Accounting Question 31
Practice objective / multiple choice question 31 from the 2020 Post Utme Uniben Accounting examination.
A company's trading account for the year ended 31st December 2020 shows a profit of ₦1,500,000. The balance sheet as at 31st December 2019 showed a capital of ₦2,000,000. The company issued 10,000 shares of ₦10 each at a premium of ₦5 per share. The company also issued 5,000 debentures of ₦100 each. Calculate the company's retained earnings as at 31st December 2020.
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About This Question
This is Post Utme Uniben 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.
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