Post Utme Unilag 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

A company's trading account shows a profit of ₦150,000. If the company's profit and loss account shows a net profit of ₦200,000, and the company's balance sheet shows a net worth of ₦500,000, what is the company's retained earnings?

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦150,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Unilag 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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