Post Utme Ims U 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Ims U Accounting examination.

Post Utme Ims U 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_IMS_U • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 par value at a premium of ₦2 per share. The shares were sold for ₦5 each. Calculate the total amount received from the sale of shares and the total amount of share capital.

Answer Options

A. ₦50,000,000
Correct Answer B. ₦60,000,000
C. ₦70,000,000
D. ₦80,000,000
Correct Answer
B
Correct Option:
₦60,000,000

About This Question

This is Post Utme Ims U 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Ims U Accounting examination.

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