Post Utme Esut 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Esut Accounting examination.

Post Utme Esut 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company issues 10,000 shares of 1 par value at a premium of 3 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦30,000
B. ₦40,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Esut 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Esut Accounting examination.

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