Post Utme Babcock University 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 par value at a premium of ₦5 per share. The shares were sold for ₦15 each. Calculate the total amount received from the sale of shares and the total amount of share capital.

Answer Options

Correct Answer A. ₦150,000
B. ₦150,000
C. ₦150,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Babcock University 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Babcock University Accounting examination.

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