Post Utme Esut 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company issues 500 shares of ₦20 each at a premium of ₦10 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦15,000
B. ₦20,000
C. ₦25,000
Correct Answer D. ₦30,000
Correct Answer
D
Correct Option:
₦30,000

About This Question

This is Post Utme Esut 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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