Post Utme Caleb University 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 10,000 ordinary shares of ₦ 1 each at a premium of ₦ 0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦ 10,000
Correct Answer B. ₦ 10,500
C. ₦ 11,000
D. ₦ 11,500
Correct Answer
B
Correct Option:
₦ 10,500

About This Question

This is Post Utme Caleb University 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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