Post Utme Lautech 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

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

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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