Post Utme Noun 2018 Accounting Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 6 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company issues 10,000 shares of 1 par value at a premium of 3 per share. The shares are sold for 4 each. Calculate the total amount received from the sale of shares and the total amount of share capital.

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Noun 2018 Accounting Question 6. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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