Post Utme Madonna University 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has two types of shares: ordinary shares and preference shares. The ordinary shares have a par value of ₦10 each and the preference shares have a par value of ₦20 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. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Madonna University 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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