Post Utme Unn 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company issues 1,000 shares of 10 par value at 15 per share. What is the amount of cash received from the issue of shares?

Answer Options

Correct Answer A. ₦15,000
B. ₦10,000
C. ₦15,000,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦15,000

About This Question

This is Post Utme Unn 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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