Post Utme Babcock University 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2025 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 5,000 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. ₦75,000,000
B. ₦75,000,000
C. ₦75,000,000
D. ₦75,000,000
Correct Answer
A
Correct Option:
₦75,000,000

About This Question

This is Post Utme Babcock University 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Babcock University Accounting examination.

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