Post Utme Eksu 2022 Accounting Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Eksu Accounting examination.

Post Utme Eksu 2022 Accounting Objective / Multiple Choice
Question 2 POST_UTME_EKSU • 2022 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦12,00,000, what is the amount received from the issue of shares?

Answer Options

A. ₦10,00,000
Correct Answer B. ₦12,00,000
C. ₦14,00,000
D. ₦16,00,000
Correct Answer
B
Correct Option:
₦12,00,000

About This Question

This is Post Utme Eksu 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Eksu Accounting examination.

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