Post Utme Uniport 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Uniport Accounting examination.

Post Utme Uniport 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNIPORT • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The total amount received from the issue of shares is 350,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

Correct Answer A. ₦350,000
B. ₦300,000
C. ₦250,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦350,000

About This Question

This is Post Utme Uniport 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.

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