Post Utme Ksu 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Ksu Accounting examination.

Post Utme Ksu 2019 Accounting Objective / Multiple Choice
Question 19 POST_UTME_KSU • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of £ 1 each at a premium of £ 0.50 per share. The issue expenses were £ 5,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. £ 25,000
Correct Answer B. £ 30,000
C. £ 35,000
D. £ 40,000
Correct Answer
B
Correct Option:
£ 30,000

About This Question

This is Post Utme Ksu 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Ksu Accounting examination.

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