Post Utme Rsu 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_RSU • 2017 • ACCOUNTING • objective

A company issued 5,000 shares of ₦ 10 each at a premium of ₦ 5 per share. The issue expenses were ₦ 15,000. Calculate the amount of share capital.

Answer Options

A. ₦ 75,000
Correct Answer B. ₦ 85,000
C. ₦ 95,000
D. ₦ 105,000
Correct Answer
B
Correct Option:
₦ 85,000

About This Question

This is Post Utme Rsu 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

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