Post Utme Unn 2025 Accounting Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Unn Accounting examination.

Post Utme Unn 2025 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNN • 2025 • ACCOUNTING • objective

A company issues 5,000 shares of ₦10 each at a premium of ₦2 per share. The issue expenses amount to ₦1,500. Prepare the journal entry for the issue of shares.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Unn 2025 Accounting Question 32. It is one of the objective questions from the 2025 Post Utme Unn Accounting examination.

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