Post Utme Uniport 2024 Accounting Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 40 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 par value at a premium of ₦5 per share. The total amount received from the issue of shares is ₦250,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦125,000
B. ₦150,000
C. ₦175,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Uniport 2024 Accounting Question 40. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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