Post Utme Ui 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Ui Accounting examination.

Post Utme Ui 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UI • 2020 • ACCOUNTING • objective

A company has a capital of ₦1,000,000 divided into 10,000 shares of ₦100 each. If the company issues 5,000 shares at a premium of ₦20 per share, calculate the amount of premium received.

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Ui 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Ui Accounting examination.

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