Post Utme Bowen University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company received a total of ₦1,500,000, what is the amount of share capital?

Answer Options

A. ₦100,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Bowen University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Bowen University Accounting examination.

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