Post Utme Eksu 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦500,000
B. ₦550,000
C. ₦600,000
Correct Answer D. ₦650,000
Correct Answer
D
Correct Option:
₦650,000

About This Question

This is Post Utme Eksu 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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