Post Utme Abu 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. If the company received ₦50,000 in cash, what is the amount of share capital?

Answer Options

A. ₦50,000
Correct Answer B. ₦55,000
C. ₦60,000
D. ₦65,000
Correct Answer
B
Correct Option:
₦55,000

About This Question

This is Post Utme Abu 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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