Post Utme Summit University 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Summit University Accounting examination.

Post Utme Summit University 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives ₦12,000 from the issue of shares, what is the amount of share capital?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,000
C. ₦14,000
D. ₦16,000
Correct Answer
B
Correct Option:
₦12,000

About This Question

This is Post Utme Summit University 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.

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