AdmitMe
Accounts (Principles of Accounts) · Company accounts

Accounts (Principles of Accounts)Company accountsWAEC

A company issued 50,000 ordinary shares of 50 kobo each at 80 kobo. The share premium account is credited with

Show answer

Answer: D. ₦15,000

Premium = 30 kobo × 50,000 = ₦15,000.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

Practise Company accountsA timed set on this topic, freeAsk the AI TutorExplain it another way

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More Company accounts questions