Post Utme Ui 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UI • 2024 • ACCOUNTING • objective

Determine the amount of cash received from the sale of shares in a company, given that the company issued 5,000 shares at ₦10 each and the market value of each share is ₦15. If the company sold 2,000 shares, calculate the total cash received.

Answer Options

A. ₦30,000
Correct Answer B. ₦60,000
C. ₦120,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Ui 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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