Post Utme Caleb University 2023 Accounting Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The total amount received from the issue of shares is 320,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦320,000
B. ₦320,000
Correct Answer C. ₦320,000
D. ₦320,000
Correct Answer
C
Correct Option:
₦320,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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