Post Utme Elizade University 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A 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. ₦10,500
Correct Answer B. ₦12,500
C. ₦14,500
D. ₦16,500
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Elizade University 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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