Post Utme Mountain Top University 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 1 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 5,000 shares of £ 1 each at a premium of £ 0.50 per share. The shares were issued for £ 1.50 each. Calculate the amount received from the issue of shares.

Answer Options

A. ₦7,500
Correct Answer B. ₦12,500
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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