Post Utme Summit University 2021 Accounting Question 33
Practice objective / multiple choice question 33 from the 2021 Post Utme Summit University Accounting examination.
A company's balance sheet as at 31 December 2020 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | | Debtors | 30,000 | Share Capital | 50,000 | | Stock | 40,000 | Retained Earnings | 20,000 | | Total | 80,000 | Total | 100,000 | If the company issues 10,000 ordinary shares of ₦5 each at a premium of ₦2, what will be the new balance sheet?
Answer Options
About This Question
This is Post Utme Summit University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.