Post Utme Lautech 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦10,500
B. ₦11,000
C. ₦11,500
Correct Answer D. ₦12,000
Correct Answer
D
Correct Option:
₦12,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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