Post Utme Abu 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company issued 1,000 shares of ₦10 each at a premium of ₦5 per share. The company also issued 500 debentures of ₦100 each at a discount of ₦5 per debenture. What is the total amount received from the issue of shares and debentures?

Answer Options

A. ₦15,500
B. ₦16,500
Correct Answer C. ₦17,500
D. ₦18,500
Correct Answer
C
Correct Option:
₦17,500

About This Question

This is Post Utme Abu 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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