Post Utme Uniport 2017 Accounting Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Uniport Accounting examination.

Post Utme Uniport 2017 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNIPORT • 2017 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. If the company received 60,000 from the issue, what is the total amount of share capital?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Uniport 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.

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