Post Utme Veritas University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives ₦15,000 in cash, what is the amount of the share capital?

Answer Options

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

About This Question

This is Post Utme Veritas University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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