Post Utme Al Hikmah University 2018 Accounting Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 9 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2. The shares are redeemable at the end of 3 years. Prepare the share capital account and the revenue account.

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦150,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 9. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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