Post Utme Elizade University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_ELIZADE_UNIVERSITY • 2022 • 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. ₦12,500
B. ₦12,000
C. ₦11,500
D. ₦11,000
Correct Answer
A
Correct Option:
₦12,500

About This Question

This is Post Utme Elizade University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Elizade University Accounting examination.

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