Post Utme Ui 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UI • 2024 • ACCOUNTING • objective

A company has a balance sheet as follows: Assets ₦100,000, Liabilities ₦50,000, and Capital ₦50,000. If the company issues 1,000 shares of ₦10 each, calculate the new capital of the company.

Answer Options

A. ₦100,000
Correct Answer B. ₦110,000
C. ₦120,000
D. ₦130,000
Correct Answer
B
Correct Option:
₦110,000

About This Question

This is Post Utme Ui 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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