Post Utme Aaua 2024 Accounting Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 6 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company issued 10,000 shares of 50% cumulative preference shares at ₦10 per share. The company also issued 50,000 ordinary shares at ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦500,000
Correct Answer B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Aaua 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

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