Post Utme Rhema University 2025 Accounting Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 17 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of 50 kobo each at a premium of 20 kobo per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦25,000
B. ₦12,500
C. ₦50,000
Correct Answer D. ₦62,500
Correct Answer
D
Correct Option:
₦62,500

About This Question

This is Post Utme Rhema University 2025 Accounting Question 17. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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