Post Utme Ksu 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Ksu Accounting examination.

Post Utme Ksu 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_KSU • 2019 • 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. ₦5,500,000
Correct Answer B. ₦6,000,000
C. ₦6,500,000
D. ₦7,000,000
Correct Answer
B
Correct Option:
₦6,000,000

About This Question

This is Post Utme Ksu 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Ksu Accounting examination.

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