Post Utme Eksu 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Eksu Accounting examination.

Post Utme Eksu 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_EKSU • 2022 • ACCOUNTING • objective

A company has a capital of ₦5,00,000 divided into 5,000 shares of ₦100 each. If the company issues 2,000 shares at a premium of ₦20 per share, what is the amount received from the issue of shares?

Answer Options

A. ₦40,00,000
Correct Answer B. ₦50,00,000
C. ₦60,00,000
D. ₦70,00,000
Correct Answer
B
Correct Option:
₦50,00,000

About This Question

This is Post Utme Eksu 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Eksu Accounting examination.

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