Post Utme Osustech 2024 Accounting Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice
Question 17 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦500,000
Correct Answer B. ₦550,000
C. ₦600,000
D. ₦650,000
Correct Answer
B
Correct Option:
₦550,000

About This Question

This is Post Utme Osustech 2024 Accounting Question 17. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

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