Post Utme Unn 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_UNN • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives ₦120,000 from the issue of shares, how much will be credited to the share capital account?

Answer Options

Correct Answer A. ₦100,000
B. ₦120,000
C. ₦150,000
D. ₦180,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Unn 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Unn Accounting examination.

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