Post Utme Uniosun 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNIOSUN • 2022 • ACCOUNTING • objective

A company has the following transactions for the year: Issued 10,000 shares of ₦ each at a premium of ₦0.50 per share. Purchased office equipment for ₦1,000. Sold office equipment for ₦0,000. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦1,000
Correct Answer B. ₦1,050
C. ₦1,500
D. ₦2,000
Correct Answer
B
Correct Option:
₦1,050

About This Question

This is Post Utme Uniosun 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Uniosun Accounting examination.

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