Post Utme Uniosun 2018 Accounting Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2018 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UNIOSUN • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2017 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | | Debtors | 30,000 | Share Capital | 50,000 | | Stock | 40,000 | Retained Earnings | 10,000 | | Total | 80,000 | Total | 90,000 | What is the amount of the company's retained earnings?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Uniosun 2018 Accounting Question 33. It is one of the objective questions from the 2018 Post Utme Uniosun Accounting examination.

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