Post Utme Covenant University 2018 Accounting Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 1 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₣0,250
B. ₣0,500
Correct Answer C. ₣0,750
D. ₣0,950
Correct Answer
C
Correct Option:
₣0,750

About This Question

This is Post Utme Covenant University 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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