Post Utme Uniport 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Uniport Accounting examination.

Post Utme Uniport 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNIPORT • 2018 • ACCOUNTING • objective

A company's balance sheet shows total assets of ₦200,000 and total liabilities of ₦100,000. If the company's equity is ₦50,000, what is the amount of the retained earnings?

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Uniport 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Uniport Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support