Post Utme Uniosun 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNIOSUN • 2020 • ACCOUNTING • objective

A company's profit for the year ended 31st December 2020 was ₦500,000. The company's retained earnings as at 1st January 2020 were ₦200,000. What is the company's retained earnings as at 31st December 2020?

Answer Options

Correct Answer A. ₦700,000
B. ₦600,000
C. ₦500,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Uniosun 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Uniosun Accounting examination.

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