Post Utme Delsu 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Delsu Accounting examination.

Post Utme Delsu 2019 Accounting Objective / Multiple Choice
Question 38 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 ₦200,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦80,000
B. ₦100,000
Correct Answer C. ₦120,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Delsu 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Delsu Accounting examination.

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