Post Utme Esut 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company issued 5,000 shares of ₦1 each at a premium of ₦0.50 per share. The shares were subscribed for by the public for ₦1.25 per share. Calculate the amount received from the public and the amount paid up by the shareholders.

Answer Options

Correct Answer A. ₦6,250
B. ₦7,500
C. ₦8,750
D. ₦10,000
Correct Answer
A
Correct Option:
₦6,250

About This Question

This is Post Utme Esut 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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