Post Utme Unilag 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

A company has the following transactions related to its share capital: Issued 10,000 ordinary shares of ₦10 each at a premium of ₦5 per share. Subscribed 5,000 preference shares of ₦20 each at a discount of ₦2 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Unilag 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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