Post Utme Ksu 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Ksu Accounting examination.

Post Utme Ksu 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_KSU • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2 per share. If the company receives ₦50,000 in cash, what is the amount received from the issue of shares?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Ksu 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Ksu Accounting examination.

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