Post Utme Redeemers University 2025 Accounting Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 1 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦50,000
Correct Answer B. ₦52,500
C. ₦55,000
D. ₦57,500
Correct Answer
B
Correct Option:
₦52,500

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Redeemers University Accounting examination.

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