A limited liability company has an authorized share capital of N50 million split into 100…

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Accounts - Principles of Accounts JAMB 1994

A limited liability company has an authorized share capital of N50 million split into 100 million shares 80 million share was offered for subscription at 60k per share payable in full on application. These have been fully subscribed and issued
What is the issued capital

  • N40 checkmark
  • N48
  • N50
  • N80

The correct answer is: A

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