Post Utme Afe Babalola University 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 5,000 ₦ 10 shares at a premium of ₦ 2 per share. The shares were issued for ₦ 120,000. Calculate the amount of premium received.

Answer Options

A. ₦ 20,000
Correct Answer B. ₦ 30,000
C. ₦ 40,000
D. ₦ 50,000
Correct Answer
B
Correct Option:
₦ 30,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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