Post Utme Ksu 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Ksu Accounting examination.

Post Utme Ksu 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_KSU • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The shares were sold for ₦ 1.50 each. Calculate the amount received from the sale of shares.

Answer Options

A. ₦ 10,000
B. ₦ 20,000
Correct Answer C. ₦ 30,000
D. ₦ 40,000
Correct Answer
C
Correct Option:
₦ 30,000

About This Question

This is Post Utme Ksu 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Ksu Accounting examination.

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