Post Utme Pan Atlantic University 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a balance of ₦50,000 in its general ledger. If the company issues 10,000 shares of ₦5 each at a premium of ₦2, what is the new balance in the company's general ledger?

Answer Options

A. ₦100,000
B. ₦150,000
C. ₦200,000
Correct Answer D. ₦250,000
Correct Answer
D
Correct Option:
₦250,000

About This Question

This is Post Utme Pan Atlantic University 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Accounting examination.

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