Post Utme Covenant University 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 18 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

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

Answer Options

A. ₦10,500
B. ₦11,000
Correct Answer C. ₦11,500
D. ₦12,000
Correct Answer
C
Correct Option:
₦11,500

About This Question

This is Post Utme Covenant University 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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