Post Utme Ims U 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦10,000
B. ₦15,000
Correct Answer C. ₦20,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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