Post Utme Skyline University 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦2 per share. If the company received a total of ₦150,000 from the issue, what will be the amount credited to the share premium account?

Answer Options

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

About This Question

This is Post Utme Skyline University 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Skyline University Accounting examination.

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