Post Utme Coal City University 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₹10 each at a premium of ₹5 per share. The total amount received from the issue of shares is ₹1,50,000. Calculate the amount received from the issue of shares at a premium.

Answer Options

A. ₹1,50,000
B. ₹75,000
C. ₹1,00,000
Correct Answer D. ₹1,25,000
Correct Answer
D
Correct Option:
₹1,25,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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