Post Utme Crawford University 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 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. ₦ 210,000
B. ₦ 220,000
C. ₦ 230,000
Correct Answer D. ₦ 240,000
Correct Answer
D
Correct Option:
₦ 240,000

About This Question

This is Post Utme Crawford University 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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