Post Utme Mountain Top University 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦0.50 per share. If the company receives a cash payment of ₦10,000 for the issue of shares, what is the amount of share capital?

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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