Post Utme Lautech 2024 Accounting Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 33 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company has a capital of ₦500,000 divided into 5,000 shares of ₦100 each. The company issues 1,000 shares at a premium of ₦20 per share. Calculate the amount received from the issue of shares.

Answer Options

A. ₦220,000
Correct Answer B. ₦240,000
C. ₦260,000
D. ₦280,000
Correct Answer
B
Correct Option:
₦240,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 33. 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