Post Utme Eksu 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Eksu Accounting examination.

Post Utme Eksu 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_EKSU • 2025 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2 per share. The proceeds from the issue are used to pay off a loan of ₦150,000. Calculate the amount of the loan that is still outstanding.

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Eksu 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Eksu Accounting examination.

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