Post Utme Veritas University 2017 Accounting Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 35 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 500 shares of ₦20 each at a premium of ₦3 per share. The proceeds from the issue of shares are credited to the share capital account. What is the amount credited to the share capital account?

Answer Options

A. ₦10,000
B. ₦15,000
Correct Answer C. ₦20,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 35. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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