Post Utme Redeemers University 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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