Post Utme Lautech 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The shares were subscribed for by the public in full. Calculate the amount received from the issue of shares.

Answer Options

Correct Answer A. ₦12,500
B. ₦15,000
C. ₦17,500
D. ₦20,000
Correct Answer
A
Correct Option:
₦12,500

About This Question

This is Post Utme Lautech 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Lautech 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