Post Utme Elizade University 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

Correct Answer A. ₦5,500
B. ₦5,000
C. ₦5,5000
D. ₦5,500
Correct Answer
A
Correct Option:
₦5,500

About This Question

This is Post Utme Elizade University 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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