Post Utme Redeemers University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice

Question 13 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives ₦15,000 in cash, determine the amount of share capital and the amount of share premium.

Answer Options

Correct Answer A. ₦10,000, ₦5,000

B. ₦15,000, ₦10,000

C. ₦20,000, ₦15,000

D. ₦25,000, ₦20,000

Correct Answer

Correct Option:

₦10,000, ₦5,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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