Post Utme Madonna University 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_MADONNA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's share capital consists of 100,000 ordinary shares of ₦1 each. The company issues 50,000 shares at ₦2 per share. Calculate the amount received from the issue of shares.

Answer Options

Correct Answer A. ₦100,000
B. ₦50,000
C. ₦100,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Madonna University 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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