Post Utme Ksu 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A company issued 5,000 shares of 1 par value at a premium of 2 per share. If the company received 12,000 from the sale of these shares, what is the total amount of paid-in capital?

Answer Options

A. ₦10,000
B. ₦12,000
C. ₦14,000
Correct Answer D. ₦16,000
Correct Answer
D
Correct Option:
₦16,000

About This Question

This is Post Utme Ksu 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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