Post Utme Christopher University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦10,000
B. ₦15,000
Correct Answer C. ₦20,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Christopher University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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