Post Utme Crawford University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 1,000 shares of ₦10 par value at a premium of ₦5 per share. If the company received ₦12,000 from the sale of shares, what is the amount of share premium?

Answer Options

A. ₦1,000
B. ₦2,000
C. ₦3,000
Correct Answer D. ₦4,000
Correct Answer
D
Correct Option:
₦4,000

About This Question

This is Post Utme Crawford University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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