Post Utme Nile University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦0,500
B. ₦1,000
Correct Answer C. ₦1,050
D. ₦1,500
Correct Answer
C
Correct Option:
₦1,050

About This Question

This is Post Utme Nile University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

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