Post Utme Unn 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNN • 2021 • ACCOUNTING • objective

A company issued 5,000, 10% preference shares of ₦10 each at a premium of ₦2 per share. The shares were issued for cash. Calculate the total amount received from the issue of preference shares.

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦150,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Unn 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Unn Accounting examination.

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