Post Utme Bsu 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Bsu Accounting examination.

Post Utme Bsu 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_BSU • 2020 • ACCOUNTING • objective

A company has a share capital of ₦1,000,000 divided into 100,000 ordinary shares of ₦10 each. If the company issues 20,000 shares at a premium of ₦5 per share, calculate the amount of premium received.

Answer Options

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

About This Question

This is Post Utme Bsu 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Bsu Accounting examination.

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