Post Utme Unilorin 2024 Accounting Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2024 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNILORIN • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦1,200,000, how much of the amount will be credited to the share premium account?

Answer Options

A. ₦100,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Unilorin 2024 Accounting Question 18. It is one of the objective questions from the 2024 Post Utme Unilorin Accounting examination.

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