Post Utme Elizade University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦12,000,000, how much of the amount will be credited to the share capital account?

Answer Options

Correct Answer A. ₦10,000,000
B. ₦12,000,000
C. ₦11,000,000
D. ₦9,000,000
Correct Answer
A
Correct Option:
₦10,000,000

About This Question

This is Post Utme Elizade University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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