Post Utme Unilag 2022 Accounting Question 38
Practice objective / multiple choice question 38 from the 2022 Post Utme Unilag Accounting examination.
A company's balance sheet at the beginning of the year shows a capital of ₦2,000,000 and a profit and loss account balance of ₦800,000. The company's trading account for the year ended 31st December 2022 shows a profit of ₦1,200,000. The balance sheet at the end of the year shows a capital of ₦4,000,000 and a profit and loss account balance of ₦2,000,000. Calculate the amount of dividends paid to shareholders.
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About This Question
This is Post Utme Unilag 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Unilag Accounting examination.
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