Post Utme Nile University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives ₦15,000 from the issue, what is the amount received from the issue of shares?

Answer Options

A. ₦10,000
B. ₦12,000
Correct Answer C. ₦15,000
D. ₦18,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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