Post Utme Eksu 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Eksu Accounting examination.

Post Utme Eksu 2025 Accounting Objective / Multiple Choice
Question 18 POST_UTME_EKSU • 2025 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. The proceeds from the issue of shares are credited to the 'Share Capital' account. What is the total amount credited to the 'Share Capital' account?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Eksu 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Eksu Accounting examination.

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