Post Utme Eksu 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Eksu Accounting examination.

Post Utme Eksu 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_EKSU • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

Correct Answer A. ₦5,500
B. ₦5,500,000
C. ₦5,500,000,000
D. ₦5,500,000,000,000
Correct Answer
A
Correct Option:
₦5,500

About This Question

This is Post Utme Eksu 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Eksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support