Post Utme Noun 2024 Accounting Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 6 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of 1 par value at a premium of 3 per share. If the company receives 35,000 from the sale of shares, what is the total amount of share capital?

Answer Options

A. ₦35,000
B. ₦40,000
C. ₦45,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Noun 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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