Post Utme Delsu 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_DELSU • 2018 • ACCOUNTING • objective

What is the effect of issuing 10,000 shares of ₦ 1 each at a premium of ₦ 0.50 per share on the share capital of a company?

Answer Options

A. Increase in share capital by ₦ 5,000
Correct Answer B. Increase in share capital by ₦ 10,000
C. Increase in share capital by ₦ 15,000
D. Decrease in share capital by ₦ 5,000
Correct Answer
B
Correct Option:
Increase in share capital by ₦ 10,000

About This Question

This is Post Utme Delsu 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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