Post Utme Elizade University 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

Correct Answer A. ₦150,000
B. ₦100,000
C. ₦50,000
D. ₦0
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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