Post Utme Caleb University 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000 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. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Caleb University 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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