Post Utme Bowen University 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 5,000 shares of ₦1 each at a premium of ₦0.25 per share. If the company receives a cash payment of ₦12,500, what is the amount of the share premium account?

Answer Options

A. ₦1,250
Correct Answer B. ₦2,500
C. ₦3,750
D. ₦5,000
Correct Answer
B
Correct Option:
₦2,500

About This Question

This is Post Utme Bowen University 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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