Post Utme Veritas University 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦0,500
B. ₦1,000
Correct Answer C. ₦1,050
D. ₦1,500
Correct Answer
C
Correct Option:
₦1,050

About This Question

This is Post Utme Veritas University 2023 Accounting Question 30. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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