Post Utme Rhema University 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦10,000
B. ₦15,000
C. ₦20,000
Correct Answer D. ₦25,000
Correct Answer
D
Correct Option:
₦25,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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