Post Utme Joseph Ayo Babalola University 2023 Accounting Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 2 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives ₦15,000 in cash, what is the amount of share capital?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 2. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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