Post Utme Ksu 2025 Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Ksu Accounting examination.

Post Utme Ksu 2025 Accounting Objective / Multiple Choice
Question 11 POST_UTME_KSU • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of 50 kobo each at a premium of 20%. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦500,000
B. ₦1,000,000
C. ₦1,500,000
Correct Answer D. ₦2,000,000
Correct Answer
D
Correct Option:
₦2,000,000

About This Question

This is Post Utme Ksu 2025 Accounting Question 11. It is one of the objective questions from the 2025 Post Utme Ksu Accounting examination.

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