Post Utme Ui 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Ui Accounting examination.

Post Utme Ui 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UI • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The total amount received from the issue of shares is 350,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦350,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦450,000
Correct Answer
D
Correct Option:
₦450,000

About This Question

This is Post Utme Ui 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.

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