Post Utme Abu 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Abu Accounting examination.

Post Utme Abu 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_ABU • 2021 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 each at a premium of ₦3 per share. The issue expenses were ₦20,000. If the company received ₦150,000 from the issue, calculate the amount transferred to the share capital account.

Answer Options

A. ₦75,000
Correct Answer B. ₦80,000
C. ₦85,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Abu 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Abu Accounting examination.

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