Post Utme Caleb University 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Issued 1,000 shares of ₦10 par value at ₦15 per share, and Purchased equipment for ₦200,000. What is the total amount of cash received from the issuance of shares?

Answer Options

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

About This Question

This is Post Utme Caleb University 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support