Post Utme Ui 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2024 is as follows: ₦ 1,000,000 ₦ 1,200,000 Prepare the journal entry to record the issue of shares.

Answer Options

Correct Answer A. Debit Share Capital ₦ 1,000,000, Credit Cash ₦ 1,200,000
B. Debit Share Capital ₦ 1,200,000, Credit Cash ₦ 1,000,000
C. Debit Share Capital ₦ 1,000,000, Credit Cash ₦ 1,000,000
D. Debit Share Capital ₦ 1,200,000, Credit Cash ₦ 1,200,000
Correct Answer
A
Correct Option:
Debit Share Capital ₦ 1,000,000, Credit Cash ₦ 1,200,000

About This Question

This is Post Utme Ui 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

View More Post Utme Ui 2025 Accounting Questions More Post Utme Ui Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support