Post Utme Veritas University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦0.50 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦5,500
Correct Answer B. ₦5,500.00
C. ₦5,500.00
D. ₦5,500.00
Correct Answer
B
Correct Option:
₦5,500.00

About This Question

This is Post Utme Veritas University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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