Post Utme Uniport 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company's profit and loss account shows a profit of ₦50,000. If the company's capital is ₦200,000, what is the amount of retained earnings?

Answer Options

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

About This Question

This is Post Utme Uniport 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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