Post Utme Esut 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The proceeds from the sale of these shares were credited to the Share Capital account. What is the total amount credited to the Share Capital account?

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 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

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