Post Utme Redeemers University 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a share capital of ₦500,000 divided into 5,000 shares of ₦100 each. The company issues 1,000 shares at a premium of ₦10 per share. Calculate the amount of premium received.

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

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