Post Utme Oau 2023 Accounting Question 8

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

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A company has a capital of ₦500,000 divided into 5,000 shares of ₦100 each. The company issues 1,000 shares at a premium of ₦20 per share. Calculate the amount received from the issue of shares.

Answer Options

A. ₦220,000
B. ₦230,000
Correct Answer C. ₦240,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

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

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