Post Utme Nile University 2023 Accounting Question 13
Practice objective / multiple choice question 13 from the 2023 Post Utme Nile University Accounting examination.
A company has a credit balance of £ 10,000 in its profit and loss account. It issues 5,000 shares of £ 1 each at a premium of £ 0.50 per share. Calculate the amount of share capital to be credited to the profit and loss account.
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About This Question
This is Post Utme Nile University 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.
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