Post Utme Caleb University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of 50 kobo each at a premium of 20%. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦250,000
B. ₦500,000
C. ₦750,000
Correct Answer D. ₦1,000,000
Correct Answer
D
Correct Option:
₦1,000,000

About This Question

This is Post Utme Caleb University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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