Post Utme Achievers University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ACCOUNTING • objective

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

Answer Options

A. ₦15,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Achievers University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.

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