Post Utme Delsu 2025 Accounting Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Delsu Accounting examination.

Post Utme Delsu 2025 Accounting Objective / Multiple Choice
Question 36 POST_UTME_DELSU • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. The shares were sold for ₦1.50 each. Calculate the amount received from the sale of shares.

Answer Options

A. ₦0,500
B. ₦1,000
Correct Answer C. ₦1,500
D. ₦2,000
Correct Answer
C
Correct Option:
₦1,500

About This Question

This is Post Utme Delsu 2025 Accounting Question 36. It is one of the objective questions from the 2025 Post Utme Delsu Accounting examination.

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