Post Utme Joseph Ayo Babalola University 2023 Accounting Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 16 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦200,000
Correct Answer D. ₦500,000
Correct Answer
D
Correct Option:
₦500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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