Post Utme Bells University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Bells University Accounting examination.

Post Utme Bells University 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_BELLS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of 50 kobo each at a premium of 20%. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Bells University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Bells University Accounting examination.

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