Post Utme Covenant University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦12,000, what is the amount received from the issue of shares?

Answer Options

A. ₦10,000
B. ₦11,000
Correct Answer C. ₦12,000
D. ₦13,000
Correct Answer
C
Correct Option:
₦12,000

About This Question

This is Post Utme Covenant University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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