Post Utme Aaua 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a cash payment of ₦12,000, what is the amount of the share capital?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦12,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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