Post Utme Lasu 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Lasu Accounting examination.

Post Utme Lasu 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_LASU • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 each at a premium of ₦3 per share. The issue expenses were ₦20,000. Prepare the journal entry to record 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 Lasu 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support