Post Utme Caleb University 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 each at a premium of ₦2 per share. If the issue expenses were ₦10,000, what will be the amount credited to the share premium account?

Answer Options

Correct Answer A. ₦10,000
B. ₦8,000
C. ₦6,000
D. ₦4,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Caleb University 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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