Post Utme Rsu 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_RSU • 2023 • ACCOUNTING • objective

A company issues 5,000 10% preference shares of ₦10 each at a premium of 20%. Calculate the amount of premium on the shares.

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Rsu 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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