Post Utme Wellspring University 2024 Accounting Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2024 Accounting Objective / Multiple Choice
Question 1 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 10,000 shares of 50 kobo each at a premium of 20%. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Wellspring University 2024 Accounting Question 1. It is one of the objective questions from the 2024 Post Utme Wellspring University Accounting examination.

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