Post Utme Ui 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Ui Accounting examination.

Post Utme Ui 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UI • 2022 • ACCOUNTING • objective

A company issued 5,000 shares of 2 par value at a premium of 5 per share. The total amount received from the issue of shares is 250,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦250,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦350,000
Correct Answer
D
Correct Option:
₦350,000

About This Question

This is Post Utme Ui 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.

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