Post Utme Uniosun 2019 Accounting Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company has two types of shares: ordinary and preference. The ordinary shares have a par value of ₦10 each, while the preference shares have a par value of ₦20 each. If the company issues 1,000 ordinary shares and 500 preference shares, calculate the total amount of share capital.

Answer Options

A. ₦15,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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