Post Utme Rsu 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Rsu Accounting examination.

Post Utme Rsu 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Rsu 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Rsu Accounting examination.

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