Post Utme Noun 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Noun Accounting examination.

Post Utme Noun 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_NOUN • 2023 • ACCOUNTING • objective

A company issued 10,000, 7% preference shares of ₦10 each at a premium of ₦2. The company also issued 5,000 ordinary shares of ₦5 each at a discount of ₦1. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦150,000
B. ₦155,000
C. ₦160,000
Correct Answer D. ₦165,000
Correct Answer
D
Correct Option:
₦165,000

About This Question

This is Post Utme Noun 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Noun Accounting examination.

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