Post Utme Delsu 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Delsu Accounting examination.

Post Utme Delsu 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_DELSU • 2017 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. The proceeds from the issue of shares amount to ₦15,000. What is the amount of share capital?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,000
C. ₦15,000
D. ₦18,000
Correct Answer
B
Correct Option:
₦12,000

About This Question

This is Post Utme Delsu 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Delsu Accounting examination.

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