Post Utme Osustech 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦2. If the company's authorized capital is ₦100,000, calculate the amount received from share capital.

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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