Post Utme Bells University 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has a share capital of ₦1,000,000 divided into 10,000 shares of ₦100 each. The company issues 5,000 shares at a premium of ₦20 per share. What is the amount of premium received?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦200,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Bells University 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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