Post Utme Coal City University 2017 Accounting Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 25 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's share capital consists of 10,000 ordinary shares of ₦10 each and 5,000 preference shares of ₦5 each. If the company issues 2,000 ordinary shares and 1,000 preference shares, what is the increase in share capital?

Answer Options

A. ₦30,000
B. ₦40,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 25. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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