Post Utme Joseph Ayo Babalola University 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions: Issued 10,000 shares of ₦10 each at a premium of ₦2 per share; and received cash from share applications of ₦120,000. Prepare the share capital account for the company.

Answer Options

Correct Answer A. Share Capital Account
B. Share Premium Account
C. Share Application Account
D. Shareholders' Equity Account
Correct Answer
A
Correct Option:
Share Capital Account

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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