Post Utme Uniben 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Uniben Accounting examination.

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A company issues 10,000, ₦1 shares at ₦2 per share. The issue is fully subscribed. Prepare the journal entry to record the issue of shares.

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Uniben 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Uniben Accounting examination.

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