Post Utme Abu 2023 Accounting Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The total amount received from the issue of shares is 350,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦350,000
B. ₦350,000
C. ₦350,000
Correct Answer D. ₦350,000
Correct Answer
D
Correct Option:
₦350,000

About This Question

This is Post Utme Abu 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support