Post Utme Abu 2018 Accounting Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 1 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company issued 5,000 shares of ₦1 each at a premium of ₦0.50 per share. The company also issued 2,000 10% debentures of ₦100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Abu 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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