Post Utme Esut 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ESUT • 2024 • ACCOUNTING • objective

A company's share capital consists of 10,000 shares of 10 par value. The company issued 5,000 shares at a premium of 2 per share. The remaining shares were issued at a discount of 1 per share. Calculate the total amount received from the sale of these shares.

Answer Options

A. ₦50,000
Correct Answer B. ₦55,000
C. ₦60,000
D. ₦65,000
Correct Answer
B
Correct Option:
₦55,000

About This Question

This is Post Utme Esut 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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