Post Utme Afe Babalola University 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 1,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦15,000
B. ₦20,000
C. ₦25,000
Correct Answer D. ₦30,000
Correct Answer
D
Correct Option:
₦30,000

About This Question

This is Post Utme Afe Babalola University 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Accounting examination.

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