Post Utme Oau 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Oau Accounting examination.

Post Utme Oau 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2025 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a cash payment of ₦50,000, what is the amount of share capital?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Oau 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Oau Accounting examination.

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