Post Utme Bowen University 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_BOWEN_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 5 each at a premium of ₦ 2. The shares were sold for ₦ 7 each. Calculate the total amount received from the sale of shares.

Answer Options

A. ₦ 70,000
Correct Answer B. ₦ 80,000
C. ₦ 90,000
D. ₦ 100,000
Correct Answer
B
Correct Option:
₦ 80,000

About This Question

This is Post Utme Bowen University 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

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