Post Utme Summit University 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦2. The shares were sold for ₦7 each. Calculate the amount received from the sale of shares.

Answer Options

A. ₦70,000
Correct Answer B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Summit University 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

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