Post Utme Babcock University 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions related to its company accounts: The company issued 10,000 shares of ₦ 1 each at a premium of ₦ 0.50 per share. The company also issued 5,000 10% debentures of ₦ 100 each. Calculate the total amount received from the issue of shares and debentures.

Answer Options

A. ₦ 105,000
Correct Answer B. ₦ 110,000
C. ₦ 115,000
D. ₦ 120,000
Correct Answer
B
Correct Option:
₦ 110,000

About This Question

This is Post Utme Babcock University 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.

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