Post Utme Afe Babalola University 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_AFE_BABALOLA_UNIVERSITY • 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 ₦10,000, what is the amount of the share premium account?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Afe Babalola University 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Accounting examination.

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