Post Utme Afe Babalola University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The company received £ 10,000 as share capital. Calculate the amount of share premium.

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 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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