Post Utme Eksu 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

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

Answer Options

A. ₦1,500,000
B. ₦2,000,000
Correct Answer C. ₦2,500,000
D. ₦3,000,000
Correct Answer
C
Correct Option:
₦2,500,000

About This Question

This is Post Utme Eksu 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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