Post Utme Unilag 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Unilag Accounting examination.

Post Utme Unilag 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNILAG • 2017 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a cash payment of ₦150,000, what is the amount of share capital?

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Unilag 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Unilag Accounting examination.

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