Post Utme Summit University 2021 Accounting Question 35
Practice objective / multiple choice question 35 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?
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About This Question
This is Post Utme Summit University 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.
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