Post Utme Joseph Ayo Babalola University 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has two types of shares: ordinary and preference. The ordinary shares have a par value of ₦5 each, while the preference shares have a par value of ₦10 each. If the company issues 10,000 ordinary shares and 5,000 preference shares, what is the total amount of share capital?

Answer Options

A. ₦150,000
B. ₦200,000
C. ₦250,000
Correct Answer D. ₦300,000
Correct Answer
D
Correct Option:
₦300,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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