Post Utme Unilag 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. Calculate the total amount received from 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 Unilag 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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