Post Utme Eksu 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2018 • 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 received from the issue of shares and debentures?

Answer Options

A. ₦15,500
Correct Answer B. ₦16,000
C. ₦16,500
D. ₦17,000
Correct Answer
B
Correct Option:
₦16,000

About This Question

This is Post Utme Eksu 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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