Post Utme Achievers University 2023 Accounting Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

A. ₦ 120,000
Correct Answer B. ₦ 130,000
C. ₦ 140,000
D. ₦ 150,000
Correct Answer
B
Correct Option:
₦ 130,000

About This Question

This is Post Utme Achievers University 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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