Post Utme Delsu 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Delsu Accounting examination.

Post Utme Delsu 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_DELSU • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. The total amount received from the issue of shares is 250,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦125,000
B. ₦250,000
Correct Answer C. ₦375,000
D. ₦500,000
Correct Answer
C
Correct Option:
₦375,000

About This Question

This is Post Utme Delsu 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Delsu Accounting examination.

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