Post Utme Nile University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Nile University Accounting examination.

Post Utme Nile University 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_NILE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦2. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦500,000
B. ₦1,000,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Nile University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Nile University Accounting examination.

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