Post Utme Covenant University 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_COVENANT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

Correct Answer A. ₦150,000
B. ₦100,000
C. ₦200,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Covenant University 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.

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