Post Utme Unilorin 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UNILORIN • 2024 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. The proceeds from the issue of shares are credited to the 'Share Capital' account. What is the amount credited to the 'Share Capital' account?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Unilorin 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Unilorin Accounting examination.

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